Estimating an Equilibrium Exchange Rate for the Argentine Peso

Estimating an Equilibrium Exchange Rate for the Argentine Peso

This paper assesses the equilibrium value of the Argentine peso exchange rate based on the country's economic fundamentals and compares it with the official exchange rate value. The paper estimates a behavioral equilibrium exchange rate model...

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Bibliographic Details
Main Authors:	Coppola, Andrea, Lagerborg, Andresa, Mustafaoglu, Zafer
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	MONETARY POLICY STOCK PRICES TIME HORIZON PRODUCTION PRICE LEVELS ADJUSTMENT PATH LAGS UNDERVALUATION STOCK STRUCTURAL CHANGE DOLLAR RATE INTEREST DEPRECIATION COMMON CURRENCY REAL EXCHANGE RATES CONSUMER PRICE INDICES EXPECTATIONS MONEY SUPPLY TRADE BARRIERS INTEREST RATE REAL GDP EXCHANGE GDP PER CAPITA EXPORTS ELASTICITY BLACK MARKET POLITICAL ECONOMY RISK PREMIUM FOREIGN CURRENCY RESERVES BONDS DEVALUATION EQUILIBRIUM VARIABLES TRADE OPENNESS MARKET EXCHANGE RATE PAYMENTS WEALTH INFLATION TRENDS CENTRAL BANK CHOICE MACROECONOMIC STABILITY EFFECTIVE EXCHANGE RATE INFLUENCE TRADE BALANCE CURRENCY DEVELOPMENT ECONOMICS ERROR CORRECTION MODEL EXOGENOUS VARIABLES CURRENT ACCOUNT MONEY PARALLEL MARKETS EXCHANGE RATES BASE YEAR PRODUCTIVITY ECONOMETRICS IMPERFECT COMPETITION QUOTAS CRITERIA PARALLEL MARKET NET EXPORTS DEBT INFLATION RATE MULTIPLE EXCHANGE RATES BLACK MARKET EXCHANGE RATE PREMIUM IMPORTS BLACK MARKET EXCHANGE RATE CONSUMER PREFERENCES TRADE POLICY EXCHANGE RATE MISALIGNMENT REAL INTEREST RATE MACROECONOMIC BALANCE AVERAGING DISTORTIONS FOREIGN CURRENCY ECONOMIC RESEARCH TAXES ROBUSTNESS CHECK UNEMPLOYMENT PRODUCTIVITY GROWTH CONSUMPTION MISALIGNMENT VALUE ADDED CAPITAL CONTROLS INTERNATIONAL RESERVES CAPITAL WAGES DEFLATORS ECONOMETRIC ANALYSIS EQUILIBRIUM LEVEL FINANCIAL CRISIS VALUE COMPETITIVENESS CREDIT MACROECONOMICS PURCHASING POWER EXCHANGE MARKETS ARBITRAGE CONDITIONS AGGREGATE DEMAND PARALLEL EXCHANGE RATES CONSUMERS AGRICULTURE ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2016/05/26401101/estimating-equilibrium-exchange-rate-argentine-peso http://hdl.handle.net/10986/24523

Internet

http://documents.worldbank.org/curated/en/2016/05/26401101/estimating-equilibrium-exchange-rate-argentine-peso
http://hdl.handle.net/10986/24523

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