What has been happening to European trade?
Article Abstract:
Research carried out at the London Business School indicates that trade between member countries of the European Union (EU) increased during the 1990s. There is no evdence to show that trade was more concentrated after 1970. The new INTRASTAT system introduced in 1993 has meant that measuring trade over the long term has become more complicated due to the change in statistical techniques. The UK saw lower export trade with all EU countries except Belgium after 1993, with sharp drops in exports to France, Italy and the Netherlands.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Is the dollar really under-valued?
Article Abstract:
The macroeconomic balance approach (FEER) can be used to find out the equilibrium exchange rate to compare this with the market rate for a currency and assess whether it is overvalued. Calculation using this method found that Group of 6 economies had currencies overvalued against the US dollar save for Italy. The Japanese yen was most affected by being overvalued. The value of the dollar is likely to appreciate especially if service sector trade is liberalized.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Real exchange rates: what can they tell us?
Article Abstract:
Real exchange rates can be measured in various ways such as Fundamental Equilibrium Exchange Rates and Purchasing Power Parity. Both methods are problematic and they can give a different view of whether a specific currency is overvalued. Equilibrium is affected by a number of factors such as government policy and how efficient markets are. The French franc looks set to depreciate in relation to the US dollar to mid 1995 and then looks set to rise.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Pricing to market at firm level. The Swedish real exchange rate under different currency regimes. Exchange rate volatility, sectoral trade, and the aggregation bias
- Abstracts: Endogenous pricing to market and financing costs. A fundamental theory of exchange rates and direct currency trades
- Abstracts: Budget deficits and exchange rates: further evidence from cointegration and causality tests. Macroeconomic rationality and Lucas's misperceptions model: further evidence from forty-one countries
- Abstracts: Corporate lobbying in the European Community. European level business collective action: the study agenda ahead
- Abstracts: Inflation, reserve requirements, and real interest rates with direct and indirect loan markets. The long-run variance of output and inflation under alternative monetary policy rules