Equilibrium exchange rates in transition countries: Evidence from dynamic heterogeneous panel models

2005 ◽  
Vol 29 (2) ◽  
pp. 144-162 ◽  
Author(s):  
Byung-Yeon Kim ◽  
Iikka Korhonen
Keyword(s):  
Exchange Rates ◽  
Transition Countries ◽  
Panel Models ◽  
Equilibrium Exchange ◽  
Dynamic Heterogeneous Panel ◽  
Heterogeneous Panel

scholarly journals Geopolitical risk and tourism: Evidence from dynamic heterogeneous panel models

2020 ◽  
Vol 23 (1) ◽  
pp. 26-38 ◽  
Author(s):  
Chien‐Chiang Lee ◽  
Godwin Olasehinde‐Williams ◽  
Seyi Saint Akadiri
Keyword(s):  
Panel Models ◽  
Dynamic Heterogeneous Panel ◽  
Heterogeneous Panel

Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis

2011 ◽  
Vol 41 (2) ◽  
pp. 533-554 ◽  
Author(s):  
María Santana-Gallego ◽  
Francisco Ledesma-Rodríguez ◽  
Jorge V. Pérez-Rodríguez
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Oecd Countries ◽  
Dynamic Heterogeneous Panel ◽  
Heterogeneous Panel

FEERs and the ERM∗

1991 ◽  
Vol 137 ◽  
pp. 45-50 ◽  
Author(s):  
John Williamson
Keyword(s):  
Exchange Rates ◽  
Final Section ◽  
Policy Implications ◽  
The Other ◽  
Equilibrium Exchange ◽  
The Right

A number of economists, including the author, were critical of the central rate that was chosen when sterling entered the ERM in October 1990, on the ground that it overvalued the pound. Specifically, the central rate against the other ERM currencies implied a higher value for the pound than that yielded by calculations of ‘fundamental equilibrium exchange rates’ (FEERs).The present paper aims to explain the concept of the FEER, introduced by the author in Williamson (1983), and argues that it provides the right criterion for assessing whether a currency is correctly valued. It also sketches the evidence for believing the pound's ERM central rate to be above the FEER. A final section considers the policy implications of the finding that sterling is overvalued.

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