LEADER 04028nam  2200613Ia 450 
001 9910464076403321
005 20190521024452.0
010   $a1-4623-4568-9
010   $a1-4527-8034-X
010   $a1-282-84299-4
010   $a1-4518-7225-9
010   $a9786612842993
035   $a(CKB)3170000000055249
035   $a(EBL)1608259
035   $a(SSID)ssj0000940058
035   $a(PQKBManifestationID)11512679
035   $a(PQKBTitleCode)TC0000940058
035   $a(PQKBWorkID)10956250
035   $a(PQKB)10821217
035   $a(OCoLC)551073601
035   $a(MiAaPQ)EBC1608259
035   $a(EXLCZ)993170000000055249
100   $a20041202d2009      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aAssessing exchange rate competitiveness in the Eastern Caribbean Currency Union$b[electronic resource] /$fprepared by Emilio Pineda, Paul Cashin, and Yan Sun
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (43 p.)
225 1 $aIMF working paper ;$vWP/09/78
300   $aDescription based upon print version of record.
311   $a1-4519-1660-4 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Theoretical Background; III. Evolution of the Real Exchange Rate in the ECCU; A. Analysis of Traditional Real Exchange Rate Measures; B. Real Exchange Rates Based on Customers and Competitors of Tourism Sector; IV. Equilibrium Real Exchange Rate Models; A. The PPP Hypothesis; B. Equilibrium Real Exchange Rate: The Impact of Tourism; C. Macroeconomic Balance Approach; V. Conclusions; Appendices; I. Tourism and the Real Exchange Rate; A. Tourism Model; II. Data Sources; Tables; 1. ECCU: Unit Root Tests on REER; 2. ECCU: Panel Unit Root Tests on REER
327   $a3. Results of the Error Correction Specification for Different Samples 4. Estimation Results: Macroeconomic Balance Approach; Figures; 1. ECCU: Real Exchange Rate-Real Effective Exchange Rate, 1979-2009; 2. The Caribbean: Real Exchange Rate-Real Effective Exchange Rate, 1979-2009; 3. Real Exchange Rates with Respect to Main Customers of the Tourism Sector 1979-2009; 4. Real Exchange Rates with Respect to Tourism Competitors, 1979-2009; 5. ECCU: Actual and Long-Run Average REER, 1979-2008; 6. ECCU: Actual and Equilibrium REER, 1979-2008; 7. ECCU: Actual and Equilibrium REER, 1979-2008
327   $a8. ECCU: Contributions to Changes in Equilibrium Exchange Rates, 1982-20089. Contributions to Changes of Equilibrium Real Exchange Rates, 1982-2008; 10. ECCU: Current Account Deficit, Actual and Estimated Norms; 11. ECCU: Current Account Deficit, Actual and Estimated Norms; 12. ECCU: Contributions to Current Account/GDP Norm, 1979-2008; References
330   $aThis paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exchange rates in the region. Second, a fundamentals-based equilibrium real exchange rate approach is used to explore sources of real exchange rate fluctuations in ECCU countries. And third, a macroeconomic balance approach is used to estimate equilibrium current account or current account ""norms"". The main finding of these analyses is that there is little evidence of overvaluation of
410  0$aIMF working paper ;$vWP/09/78.
606   $aForeign exchange rates$zCaribbean Area
606   $aMonetary unions$zCaribbean Area
608   $aElectronic books.
615  0$aForeign exchange rates
615  0$aMonetary unions
700   $aPineda$b Emilio$f1974-$0873347
701   $aCashin$b Paul$0872375
701   $aSun$b Yan$0690256
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464076403321
996   $aAssessing exchange rate competitiveness in the Eastern Caribbean Currency Union$91949624
997   $aUNINA