Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...

Our eLibrary offers over 25,000 IMF publications in multiple formats. This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows, the external ...

Journal of Economic Integration, Vol. 30, No. 1 (March 2015), pp. 148-171 (24 pages) This paper studies the impact of real effective exchange rate volatility on economic growth as well as the euro's ...

In reports explaining why some currencies plunged this year, analysts may have mentioned the Real Effective Exchange Rate, or REER. The REER provides a broader assessment of a currency’s value than ...

According to the development approach to exchange rates, competitive currencies have been a key factor in most East and Southeast Asian successful growth strategies. There is also today an important ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The big news—on the foreign exchange front—this year has been the rebound in the ...