A1 - Carl Grekou
TI - EQCHANGE Annual Assessment 2019
IS - 2019-19
T3 - Working Papers
KW - Exchange Rates
KW - Currency Misalignments
KW - Imbalances
N2 - This publication, accompanying the 2019’s update of EQCHANGE, aims at providing an overview of exchange rate misalignments for 2018. In a nutshell, 2018 has been characterized by relatively minor movements in exchange rate misalignments except few EMEs that registered important downward movements owing from the exchange rate depreciations. This is especially the case of Turkey, and to a lesser extent, Brazil, India, Indonesia and Russia. In contrast, most of the major currencies registered a slight appreciation vis-à-vis the US dollar that generally translated in upward movements in currency misalignments. The euro area is again featured two opposite situations with Finland Germany, Ireland and the Netherlands displaying noticeable undervaluations.
ER -