Exchange Rate Misalignments at World and European Levels : A FEER Approach - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue SSRN : Social Science Research Network Année : 2010

Exchange Rate Misalignments at World and European Levels : A FEER Approach

Résumé

Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature. However, these imbalances, which have reinforced in the 2000s, are also important inside the Euro area. This analysis cannot be reduced to simple estimates of euro misalignment at the world level because of the specific constraints that exist for each member of the Euro area. This article aims to examine to what extent the intra-European imbalances reflect exchange rate misalignments for each “national euro”.

Dates et versions

hal-02169238 , version 1 (01-07-2019)

Licence

Paternité

Identifiants

Citer

Seeun Jeong, Jacques Mazier, Jamel Saadaoui. Exchange Rate Misalignments at World and European Levels : A FEER Approach. SSRN : Social Science Research Network, 2010, pp.53. ⟨10.2139/ssrn.1933260⟩. ⟨hal-02169238⟩
35 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More