Arbeitspapier
Fundamental equilibrium exchange rate: a case study of the Finnish Markka
The purpose of this paper is to estimate the Fundamental Equilibrium Exchange Rate (FEER) for the Finnish economy and to derive a relationship between the current account and the real exchange rate in the macroeconomic equilibrium.FEER is defined as the real exchange rate which delivers a sustainable current account balance when the economy is growing at its equilibrium (non-inflationary) rate.The results emphasize the effects of the collapse of the Finnish-Soviet trade in 1991 on both the equilibrium rate of output and the equilibrium exchange rate.The assessment of the exchange rate situation prevailing in late 1994 points to the conclusion that there may be emerging conflicts in Finland between the targets of external and internal balance, unless structural reforms or the recovery of the international economy move the fundamentals from their present position.
- ISBN
-
951-686-440-6
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 2/1995
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hoej, Liselotte
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
1995
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hoej, Liselotte
- Bank of Finland
Entstanden
- 1995
Ähnliche Objekte (12)
The equilibrium exchange rate for the Finnish Markka
Finnish monetary and foreign exchange policy and the changeover to the euro
Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments
A note on Finnish property criminality
Competition in Finnish banking: Two tests
Theoretical aspects to the Finnish credit cycle
Analysis on the errors and omissions in the Finnish balance of payments: restless capital movements, floating exchange rate and errors since 1991
Switching costs in the Finnish retail deposit market
Bubbles in the Finnish and US equities markets
Conditional risk and predictability of Finnish stock returns
Default risk on Finnish government foreign currency debt
Banks and the Finnish credit cycle 1986-1995
The equilibrium exchange rate for the Finnish Markka
Finnish monetary and foreign exchange policy and the changeover to the euro
Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments
A note on Finnish property criminality
Competition in Finnish banking: Two tests
Theoretical aspects to the Finnish credit cycle
Analysis on the errors and omissions in the Finnish balance of payments: restless capital movements, floating exchange rate and errors since 1991
Switching costs in the Finnish retail deposit market
Bubbles in the Finnish and US equities markets
Conditional risk and predictability of Finnish stock returns
Default risk on Finnish government foreign currency debt
Banks and the Finnish credit cycle 1986-1995
The equilibrium exchange rate for the Finnish Markka
Finnish monetary and foreign exchange policy and the changeover to the euro
Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments
A note on Finnish property criminality
Competition in Finnish banking: Two tests
Theoretical aspects to the Finnish credit cycle
Analysis on the errors and omissions in the Finnish balance of payments: restless capital movements, floating exchange rate and errors since 1991
Switching costs in the Finnish retail deposit market
Bubbles in the Finnish and US equities markets
Conditional risk and predictability of Finnish stock returns
Default risk on Finnish government foreign currency debt