Estimating Equilibrium Exchange Rates

Book Overview

The problems of exchange rate misalignments and the resulting payments imbalances have plagued the world economy for decades. At the Louvre Accord of 1987, the Group of Five industrial countries adopted a system of reference ranges for exchange rate management, influenced by proposals of C. Fred Bergstan and John Williamson for a target zone system. The reference range approach has, however, been operated only intermittently and half-heartedly, and...

• Format: Paperback
• Language: English
• ISBN: 0881320765
• ISBN13: 9780881320763
• Release Date: September 1994
• Publisher: Peterson Institute for International Economic
• Length: 300 Pages
• Weight: 0.99 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"