Skip to Main content Skip to Navigation
New interface
Journal articles

Exchange Rate Misalignments at World and European Levels: a FEER Approach

Abstract : Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature. However, these imbalances, which have reinforced in the 2000s, are also important inside the Euro area. This analysis cannot be reduced to simple estimates of euro misalignment at the world level because of the specific constraints that exist for each member of the Euro area. This article aims to examine to what extent the intra-European imbalances reflect exchange rate misalignments for each "national euro".
Document type :
Journal articles
Complete list of metadata

Cited literature [11 references]  Display  Hide  Download
Contributor : Jamel Saadaoui Connect in order to contact the contributor
Submitted on : Wednesday, August 25, 2010 - 6:48:18 PM
Last modification on : Saturday, June 25, 2022 - 8:49:45 PM
Long-term archiving on: : Friday, November 26, 2010 - 2:45:48 AM


Files produced by the author(s)


  • HAL Id : halshs-00435836, version 5


Se-Eun Jeong, Jacques Mazier, Jamel Saadaoui. Exchange Rate Misalignments at World and European Levels: a FEER Approach. Économie Internationale, 2010, 121 (Issue 1 2010), pp.25-58. ⟨halshs-00435836v5⟩



Record views


Files downloads