Working Papers in full text
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
New Rates from New Weights
|
Author/Editor: |
Bayoumi, Tamim | Lee, Jaewoo | Jayanthi, Sarma |
| Authorized for Distribution: |
May 1, 2005 |
|
Electronic Access: |
Free Full Text (PDF file size is 830KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
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.
|
|
Summary: This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF's current effective exchange rate calculation, which uses weights largely based on 1989-91 data. Since then, substantial changes have occurred in international trade relations, warranting a recalculation of effective exchange rate indices on the basis of new trade patterns. Updated weights show that the United States and developing countries (most notably China) have grown in their importance in global trade, while Japan and the European Union have declined, with substantial implications for the path of the dollar and exchange rate effects of emerging market crises since 1995.
|
|
|
|
Series: |
Working Paper No. 05/99 |
|
Subject(s): |
Interest rates | Exchange rates | Economic models |
|
Author's keyword(s): |
Weight
| effective exchange rate
|
|
|
|
|
| |
Published: |
|
May 1, 2005 |
|
|
|
|
| |
ISBN/ISSN: |
|
1934-7073 |
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA2005099 |
|
Pages: |
|
54 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
|
