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Article: FEERs and the path to EMU. (fundamental equilibrium exchange rate; European monetary union)
- Article from:
- National Institute Economic Review
- Article date:
- August 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 National Institute of Economic and Social Research. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The concept of the Fundamental Equilibrium Exchange Rate (FEER) was first used in Williamson (1983) to calculate the misalignments of the exchange rates for major currencies, and as a basis for his target zone proposal. In this note we use the same concept in a different context, that of the relations amongst the European economies which are members of the ERM, a system which is evolving towards monetary union. The first section reviews the concept of the FEER and its use in policy analysis. The second section relates this to the analysis of real exchange rates and external balance within a potential monetary union. The third section includes new estimates of FEERs using ...
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Article: Bangladeshis protest FEER cover story on Islamic ...
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... ... protesters, all Bangladeshi and mostly businessmen in Hong Kong, held up placards that said Far Eastern Error Reporting and FEER reporting baseless and untrue. The demonstrators handed a protest letter together with 400 petition signatures to David Plott ...
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