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- W1559962575 abstract "In this study, we make use of time series analysis to calculate a real effective equilibrium exchange rate for Sweden. The results indicate that the krona was severely overvalued in late 1992, when the fixed exchange rate regime finally was abandoned. Furthermore, the results indicate that the real effective equilibrium exchange rate has depreciated substantially since the mid-1990s, primarily due to deteriorating terms of trade. The results indicate that the krona was undervalued by some 4 to 5 percent at the end of 2000, given the prevailing economic conditions. We also provide some arithmetical examples of SEK/EUR conversion rates, under various assumptions, to provide some guideline if Sweden is to adopt the common currency in the near future." @default.
- W1559962575 created "2016-06-24" @default.
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- W1559962575 date "2002-03-01" @default.
- W1559962575 modified "2023-09-27" @default.
- W1559962575 title "Do Fundamentals Explain the Behavior of the Real Effective Exchange Rate" @default.
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