금융 | Estimates of Fundamental Equilibrium Exchange Rates, May 2013 | 한국금융연구원

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	2013-06-07 일자  [제 13-46 호]

Estimates of Fundamental Equilibrium Exchange Rates, May 2013
IIE (2013-06-07)

In this semiannual update, William R. Cline presents new estimates of fundamental equilibrium exchange rates (FEERs). Once again it is found that the key cases of the United States and China involve only modest over- and undervalu ..  more

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies
IMF (2013-06-07)

The purpose of this paper is to compare in-sample and out-of-sample performances of three parametric and non-parametric early warning systems (EWS) for currency crises in emerging market economies (EMs). The parametric EWS achieve ..  more

Capital Controls, Global Liquidity Traps and the International Policy Trilemma
NBER (2013-06-07)

The 'International Policy Trilemma' refers to the constraint on independent monetary policy that is forced on a country which remains open to international financial markets and simultaneously pursues an exchange rate target. This ..  more

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