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Estimating fundamental equilibrium exchange rates: how related are these rates to the actual exchange rate changes during the last decade?

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dc.contributor.author Bårdsgjerde, Torkil
dc.date.accessioned 2012-03-13T09:22:58Z
dc.date.available 2012-03-13T09:22:58Z
dc.date.issued 2011-11-30
dc.date.submitted 2011-11-30 en
dc.identifier.uri http://hdl.handle.net/1956/5707
dc.description.abstract This thesis will estimate fundamental equilibrium exchange rates (FEERs) for a set of currencies during the last decade, using a five-country framework. The aim is to see if the results from FEER estimation can explain medium-term real and nominal exchange rate changes. I start off by defining the concept of the FEER, and proceed to explain the underlying mechanisms at play. The framework of the model is then presented, along with my application of the model. I will then present the results from my analysis, both in real and nominal terms. The results are followed by an analysis of the problems encountered while using the model. The result of the USD/CNY rate is then compared with other similar studies. My results show that FEER estimation provides a good indicator for two of the three bilateral relationships I have studied in the medium term. en
dc.format.extent 2743182 bytes en
dc.format.mimetype application/pdf en
dc.language.iso eng en
dc.publisher The University of Bergen en
dc.subject FEER en
dc.subject 2000-2010 en
dc.subject Torkil Bårdsgjerde en
dc.subject Fundamental equilibrium exchange rate en
dc.title Estimating fundamental equilibrium exchange rates: how related are these rates to the actual exchange rate changes during the last decade? en
dc.type Master thesis en
dc.type.degree Master en
dc.type.course ECON390 en
dc.subject.nsi VDP::Social science: 200::Economics: 210 en
dc.subject.archivecode Mastergrad en
dc.subject.nus 734103 en
dc.type.program MASV-SØK en


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