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E-book
Author Nagayasu, Jun, author.

Title Japanese effective exchange rates and determinants : prices, real interest rates, and actual and optimal current accounts / prepared by Jun Nagayasu
Published [Washington, D.C.] : International Monetary Fund, African Department, 1998
©1998

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Description 1 online resource (33 pages)
Series IMF working paper, 2227-8885 ; WP/98/86
IMF working paper ; WP/98/86.
Summary This paper analyzes the behavior of the Japanese effective exchange rates during the recent floating rate period by estimating the long-run rates from several exchange rate models. Therefore, the degree and the duration of the misalignment of the exchange rates can be observed by comparing the actual exchange rates with our estimated long-run rates. Furthermore, this paper examines questions related to the potential problems in estimating long-run exchange rate levels; in particular, it discusses the sensitivity of long-run rates to underlying economic theories and problems posed by the definition of the variables. 2
Bibliography Includes bibliographical references (pages 21-27)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange rates -- Japan
Cointegration -- Japan
Cointegration
Foreign exchange rates
Japan
Form Electronic book
Author International Monetary Fund. African Department, issuing body.
ISBN 1451896921
9781451896923
1281324078
9781281324078
1462320708
9781462320707
1452779511
9781452779515
9786613778697
6613778699
9781451850857
1451850859
ISSN 2227-8885