Arbeitspapier
Exchange rates and global rebalancing
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the response of imbalances and real exchange rates to shocks. Finally, it analyzes the characteristics of episodes in which chronic current account surpluses (as opposed to deficits) come to an end.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper ; No. 278
- Klassifikation
-
Wirtschaft
- Thema
-
Zahlungsbilanzungleichgewicht
Leistungsbilanz
Internationaler Finanzmarkt
Wechselkurs
Allgemeines Gleichgewicht
Zwei-Länder-Modell
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eichengreen, Barry
Rua, Gisela
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank Institute (ADBI)
- (wo)
-
Tokyo
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Eichengreen, Barry
- Rua, Gisela
- Asian Development Bank Institute (ADBI)
Entstanden
- 2011
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