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Author/Editor:
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Tchaidze, Robert
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Publication Date:
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December 01, 2007
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Electronic Access:
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Free Full text
(PDF file size is 303KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear.
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Series:
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Working Paper No. 07/276
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Subject(s):
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Real effective exchange rates | Iceland | Commodities | Trade
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Author's Keyword(s):
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Real Exchange Rate | Disequilibrium |
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English
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Publication Date:
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December 01, 2007
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Format:
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Paper
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Stock No:
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WPIEA2007276
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Pages:
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17
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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