Exchange Rate Assessments: CGER Methodologies

By Luca A Ricci, Jonathan David Ostry, Jaewoo Lee, Alessandro Prati, Gian M Milesi-Ferretti

April 7, 2008

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Format: Chicago

Luca A Ricci, Jonathan David Ostry, Jaewoo Lee, Alessandro Prati, and Gian M Milesi-Ferretti. Exchange Rate Assessments: CGER Methodologies, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has therefore broadened its mandate to cover both key advanced economies and major emerging market economies. This Occasional Paper summarizes the methodologies that underpin the expanded analysis.

Subject: Balance of payments, Current account, Current account balance, Exchange rate assessments, External position, Foreign assets, Foreign exchange, Real exchange rates

Keywords: Asia and Pacific, Assessment, Currency misalignment, Current account, Current account balance, Eastern Europe, Emerging market country, Europe, Exchange rate assessments, Exchange rate misalignment, Foreign assets, Global, IMF country desk level, IMF staff country desk, OP, Real exchange rates

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2008/002
Stock No:

S261EA
ISBN:

9781589066380
ISSN:

0251-6365

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