TY - BOOK ID - 84657173 TI - Methodology for Current Account and Exchange Rate Assessments AU - Kincaid, G. AU - Faruqee, Hamid. AU - Fetherston, Martin. AU - Isard, Peter. AU - International Monetary Fund. PY - 2001 SN - 1462352219 1452700893 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign exchange rates KW - Balance of payments KW - Exports and Imports KW - Finance: General KW - Foreign Exchange KW - Money and Monetary Policy KW - Current Account Adjustment KW - Short-term Capital Movements KW - General Financial Markets: General (includes Measurement and Data) KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Currency KW - Foreign exchange KW - International economics KW - Finance KW - Monetary economics KW - Exchange rates KW - Current account KW - Real exchange rates KW - Exchange rate adjustments KW - Emerging and frontier financial markets KW - Financial markets KW - Financial services industry KW - Money KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84657173 AB - This chapter reports on Coordinating Group on Exchange Rate Issues’ (CGER) works and provides perspectives on alternative frameworks for assessing exchange rates and the rationale for CGER's general approach. The primary motivation for the work of the CGER is to identify cases where exchange rates appear to be substantially out of line with medium-run macroeconomic fundamentals. It is recognized that such situations can have different interpretations, depending on the cyclical positions of economies and other circumstances. The assessments of exchange rates among industrial country currencies rely primarily on an application of a macroeconomic balance framework. This framework focuses on the extent to which the current account positions associated with prevailing exchange rates are consistent with medium-run fundamentals. Substantial discrepancies between exchange rates and their medium-run equilibrium levels, when they emerge, raise two different, however, related issues for the IMF to address in its exercise of bilateral and multilateral Surveillance. ER -