Factors affecting the US current account: an historical decomposition.

National Institute Economic Review;  April 1, 2007 ;     700+ words ......decompose the current account effects of...fall in the exchange rate using our model...Each time the exchange rate fell we might...worsening of the current account for a year...in the real exchange rate. Figure 2 plots...impacts on the US current ...

Central bank intervention, the current account, and exchange rates.

International Advances in Economic Research;  August 1, 2003 ;     700+ words ......seeks to explain exchange rate and current account or net foreign assets...seeks to explain exchange rate and current account behavior under central...PBM's in explaining current account-exchange rate interactions, and...

Debunking the flexible exchange rate myth.

Investment Adviser;  November 5, 2007 ;     497 words ......a flexible exchange-rate regime in facilitating current account adjustment...a flexible exchange rate really speed up current account adjustment...the nominal exchange rate regime, then the current account adjustment...

Exchange Rate Policy in Philippine Development: Conclusion

Research Paper Series (Philippine Institute for Development Studies);  January 1, 2003 ;     700+ words ......the real exchange rate at a given...regime and current account balance. Real exchange rate overvaluation...deficit in the current account. It is a...degree of real exchange rate overvaluation...reduce the current account deficit...

Properties of the fundamental equilibrium exchange rate in models of the...

National Institute Economic Review;  August 1, 1992 ;     700+ words ......which is the exchange rate which delivers...sustainable' current account balance while...the real exchange rate is such that the current account of the balance...equilibrium real exchange rate. In equilibrium the current account balance can...

Is the U.S. current account deficit sustainable? If not, how costly is...

Brookings Papers on Economic Activity;  March 22, 2005 ;     700+ words ......and the U.S. current account, with particular...mechanics of current account adjustment...model of the current account and show that...level, the U.S. current account will have to...where the U.S. current account deficit shrinks...evidence on ...

Risk and the UK exchange rate.

National Institute Economic Review;  January 1, 2008 ;     700+ words ......Review, as the current account has deteriorated...impact of the exchange rate on our forecast...the nominal exchange rate will jump down...output, the real exchange rate and the current...improve the current account in the long...improve the ...

Global current account imbalances and exchange rate adjustments.

Brookings Papers on Economic Activity;  March 22, 2005 ;     700+ words ......growing U.S. current account deficit and...potentially sharp exchange rate movements any...adjustment toward current account balance might...which the U.S. current account ultimately returns...the risks to exchange rate stability--have...if the U.S. ...

Current Account Adjustment with High Financial Integration: A Scenario...

Economic Review - Federal Reserve Bank of San Francisco;  January 1, 2006 ;     700+ words ......the U.S. current account deficit through exchange rate movements...adjustment in the exchange rate of the dollar...the U.S. current account deficit...imports, so the current account does not...pressure on the exchange rate in the first...

Current account reversal during a currency crisis: the Malaysian...

ASEAN Economic Bulletin;  August 1, 2003 ;     700+ words ......financial resources, the current account of the balance of payments...depreciation in the real exchange rate, and upward pressure on...Malaysia's experience with current account reversal following the outbreak...policy to stabilize the exchange rate and bring about ...

Exchange Rate Policy in Philippine Development: Analytical Considerations

Research Paper Series (Philippine Institute for Development Studies);  January 1, 2003 ;     700+ words ......in the real exchange rate are explained...trade policy, current account balance, and...on the real exchange rate, it is the...sustained real exchange rate overvaluation...deficit in the current account, another widespread...overvalued exchange ...

Factor income shares, the banking sector, the exchange rate, and the New...

New Zealand Economic Papers;  December 1, 2002 ;     700+ words ......and real exchange rate, accompanied...worsening of the current account balance...While the current account worsened...effective exchange rate showed no...1997-98 the current account deficit stood...the real exchange rate, though falling...

Error correction exchange rate modeling: Evidence for Mexico

Journal of Economics and Finance;  October 1, 2001 ;     700+ words ......Introduction Nominal exchange rate analysis continues...the peso/dollar exchange rate during the 1976-20...policy. Because exchange rate markets exhibit...affect nominal exchange rate movements. Examples...components of exchange rate behavior, ...

FEERs and the ERM. (fundamental equilibrium exchange rate; exchange rate...

National Institute Economic Review;  August 1, 1991 ;     700+ words ......Under the Bretton Woods system, an exchange rate was said to be in fundamental disequilibrium...analogy, the fundamental equilibrium exchange rate is defined as the exchange rate that is consistent with macroeconomic...the medium run. Since the nominal exchange rate ...

Properties of the fundamental equilibrium exchange rate in the Treasury...

National Institute Economic Review;  July 1, 1999 ;     700+ words ......appreciation of the real exchange rate. Outside of a...in the nominal exchange rate, a reduction in...adjustment of the real exchange rate to an appropriate...once the nominal exchange rate is fixed. This...value of the real exchange rate for the UK ...