Mastery of the Financial Accounting Research System or Exchange Rate Misalignment

Mastery of the Financial Accounting Research System (FARS) Through Cases

Author: Wanda A Wallac

This casebook accompanies the FARS CD, an annual publication, which is directly integrated with the casebook.

Go to: Ethik, das Herz der Führung

Exchange Rate Misalignment: Concepts and Measurement for Developing Countries

Author: Lawrence E Hinkl

Detecting and measuring exchange rate misalignment is an indispensable step in avoiding exchange rate crises. Exchange Rate Misalignment provides a comprehensive treatment of the theoretical and empirical issues involved in measuring exchange rate misalignment in developing countries.. "This book is intended primarily for use by policy analysts, applied researchers, and students concerned with exchange rate management in developing countries, although much of its analysis is also applicable to small open industrial economies.

Table of Contents:

	Foreword
	About the Authors
	Acknowledgments
	Acronyms and Abbreviations
1	Exchange Rate Misalignment: An Overview	1
Pt. I	The Real Exchange Rate: Concepts and Measurement
2	External Real Exchange Rates: Purchasing Power Parity, the Mundell-Fleming Model, and Competitiveness in Traded Goods	41
3	The Two-Good Internal RER for Tradables and Nontradables	113
4	The Three-Good Internal RER for Exports, Imports, and Domestic Goods	175
Pt. II	Determinants of the Equilibrium Real Exchange Rate
5	The Long-Run Equilibrium Real Exchange Rate: Conceptual Issues and Empirical Research	219
6	Determinants of the Long-Run Equilibrium Real Exchange Rate: An Analytical Model	264
Pt. III	Methodologies for Estimating the Equilibrium RER: Empirical Applications
7	Estimating the Equilibrium Real Exchange Rate Empirically: Operational Approaches	293
8	Estimates of Real Exchange Rate Misalignment with a Simple General-Equilibrium Model	359
9	Long-Run Real Exchange Rate Changes in Developing Countries: Simulations from an Econometric Model	381
10	Single-Equation Estimation of the Equilibrium Real Exchange Rate	405
Pt. IV	Policy and Operational Considerations
11	The Three Pessimisms: Real Exchange Rates and Trade Flows in Developing Countries	467
12	The Use of the Parallel Market Rate as a Guide to Setting the Official Exchange Rate	497
13	A Note on Nominal Devaluations, Inflation, and the Real Exchange Rate	539
	References	587
	Index	605