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Mr. Steven A. Symansky
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Mr. Peter B. Clark
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Mr. Leonardo Bartolini https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Tamim Bayoumi
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Abstract

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

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  • Abuaf, Niso, and Philippe Jorion, Purchasing Power Parity in the Long Run,” Journal of Finance, Vol. 45 (March 1990), pp. 15774.

    • Search Google Scholar
    • Export Citation
  • Aghevli, Bijan B., Mohsin S. Khan, Montiel, Peter J Exchange Rate Policy in Developing Countries: Some Analytical Issues, IMF Occasional Paper No. 78 (Washington: International Monetary Fund, March 1991).

    • Search Google Scholar
    • Export Citation
  • Armington, Paul S., A Theory of Demand for Products Distinguished by Place of Production,” Staff Papers, International Monetary Fund (Washington), Vol. 16 (March 1969), pp. 15978.

    • Search Google Scholar
    • Export Citation
  • Artis, Michael J., and Mark P. Taylor, DEER Hunting: Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates,” IMF Working Paper WP/93/48 (Washington: International Monetary Fund, June 1993).

    • Search Google Scholar
    • Export Citation
  • Artus, Jacques R., Methods of Assessing the Long-Run Equilibrium Value of an Exchange Rate,” IMF Research Department, No. DM/77/124 (unpublished, International Monetary Fund, December 1977).

    • Search Google Scholar
    • Export Citation
  • Balassa, B., The Purchasing Power Parity Doctrine: A Reappraisal,” Journal of Political Economy, Vol. 72 (December 1964), pp. 58496.

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