This paper attempts to estimate the quarterly equilibrium exchange rates (EER) of nine Asian currencies (Japan, China, Korea, Hong Kong, Singapore, Thailand, Indonesia, Malaysia, and Philippines) with ...

Based on the foregoing arguments, the fundamental equilibrium exchange rate (FEER) of a country under floating becomes endogenous to the market reaction to the country’s policy stance ...

The module will introduce mainstream theories of the determination of equilibrium exchange rates, both in the short run and the long run. You will also explore the causes of international financial ...

Given that the Big Mac in Uruguay costs Pesos 259, and in the US US$ 5,58, the implicit exchange rate is 46,42 Pesos, or the long term equilibrium price in the domestic market. In other words the ...