Exchange Rate Assessments: CGER Methodologies
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By Mr. Jaewoo Lee, Mr. Jonathan David Ostry, Mr. Alessandro Prati, Alessandro Prati, Luca Antonio Ricci
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The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has the…



