Divided into five sections, this paper surveys the main issues related to the definition and the empirical computation of an index of the real exchange rate. Section I presents a brief survey of the different concepts of the exchange rate and an analysis of the criteria underlying the choice of a specific index. Section II tackles the measurement problems, and assesses the meaning, as well as the drawbacks, of the available indices of the real exchange...
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INFORMATION
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1986/09/30
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Document de travail (série numérotée)
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DWA8603
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1
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1
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2012/02/13
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Disclosed
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Exchange rates : concepts and measurement issues
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real exchange rate
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