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Estimating Iceland's Real Equilibrium Exchange Rate

Estimating Iceland's Real Equilibrium Exchange Rate by Robert Tchaidze
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Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear.
International Monetary Fund; December 2007
17 pages; ISBN 9781452730936
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Title: Estimating Iceland's Real Equilibrium Exchange Rate
Author: Robert Tchaidze
 
ISBNs
1451912927
9781451868395
9781451912920
9781452730936