01687cas a2200253 a 4500 AALejournalIMF000613 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451961683 1018-5941 BD-DhAAL BD-DhAAL MacDonald, Ronald. Exchange Rates and Economic Fundamentals : A Methodological Comparison of BEERs and FEERs / Ronald MacDonald, Peter Clark. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper compares two approaches for examining the extent to which a country's actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current account at full employment with sustainable net capital flows, and the BEER approach, which uses econometric methods to establish a behavioral link between the real rate and relevant economic variables. An exchange rate model is estimated for the G-3 currencies to provide illustrative comparisons of BEERs and FEERs. Mode of access: Internet Clark, Peter. IMF Working Papers; Working Paper ; No. 1998/067 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/067/001.1998.issue-067-en.xml IMF e-Library