Carl Grekou , 2018.
"EQCHANGE annual assessment 2018,"
CEPII Working Paper 2018- 23 , December 2018 , CEPII.
The present publication, which accompanies the 2018’s update of EQCHANGE, aims at providing an overview as extensive as possible of the exchange rate misalignments for the year 2017. It also aims at discussing the evolution of exchange rates and currency misalignments between 2016 and 2017 as well as their underlying factors, hence identifying global patterns and monitoring —global— imbalances. Despite some intra-year volatility across major currencies, the changes in the currency misalignments have been of relatively small amplitudes in 2017, thus leaving the global configuration of currency misalignments that prevailed in 2016 broadly unchanged. Relatively few countries, however, registered noticeable changes in their currency misalignments.
EQCHANGE ; Exchange Rates ; Currency Misalignments ; Imbalances