IDEAS home Printed from https://ideas.repec.org/p/hhs/nierwp/0095.html
   My bibliography  Save this paper

The Effective Exchange Rate Index KIX - Theory and Practice

Author

Listed:
  • Erlandsson, Mattias

    (National Institute of Economic Research)

  • Markowski, Alek

    (National Institute of Economic Research)

Abstract

The world trade patterns have changed over the recent years, and for Sweden many important trading partners have emerged. The National Institute of Economic Research has therefore compiled a new effective exchange rate of index for the Swedish krona, KIX. KIX is a chain-linked index that includes the currencies of 32 countries. The weight attached to each country is based on the patterns of international trade in manufactured goods and commodities. The index includes a number of emerging economies and gives in this way a more adequate definition of the effective exchange rate of the krona than the traditional indices. Furthermore, it allows for the changes in relative importance of Sweden´s trading partners. The calculation of KIX is now documented in a Working Paper: The Effective Exchange Rate Index KIX - Theory and Practise.

Suggested Citation

  • Erlandsson, Mattias & Markowski, Alek, 2006. "The Effective Exchange Rate Index KIX - Theory and Practice," Working Papers 95, National Institute of Economic Research.
    • Handle: RePEc:hhs:nierwp:0095
    as

    Download full text from publisher

    File URL: http://www.konj.se/download/18.4ee9b512150ed5e093b90700/1447246075483/Working-Paper-95-The-Effective-Exchange-Rate-Index-KIX-Theory-and-Practice.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2005. "New Rates from New Weights," IMF Working Papers 2005/099, International Monetary Fund.
    2. Thimann, Christian & Buldorini, Luca & Makrydakis, Stelios, 2002. "The effective exchange rates of the euro," Occasional Paper Series 2, European Central Bank.
    3. Luca Buldorini & Stelios Makrydakis & Christian Thimann, 2002. "The effective exchange rates of the euro," Occasional Paper Series 02, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:spo:wpmain:info:hdl:2441/10028 is not listed on IDEAS
    2. Unn Lindholm & Marcus Mossfeldt & Pär Stockhammar, 2020. "Forecasting inflation in Sweden," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(1), pages 39-68, April.
    3. Andrea Fracasso & Stefano Schiavo, 2009. "Trade-imbalances networks and exchange rate adjustments: the paradox of a new Plaza. The XIVth Spring Meeting of Young Economists (SMYE-2009), Istanbul, April 2009," Post-Print hal-01053278, HAL.
    4. repec:hal:spmain:info:hdl:2441/10028 is not listed on IDEAS
    5. Lucian Claudiu ANGHEL & Laurentiu-Mihai TREAPAT, 2015. "Main Economic Policies in order to Manage an Optimum Accession of Romania to the Euro Zone," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(1), pages 151-169, March.
    6. repec:hal:wpspec:info:hdl:2441/10028 is not listed on IDEAS
    7. repec:spo:wpecon:info:hdl:2441/10028 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fernando Alexandre & Pedro Bação & João Cerejeira & Miguel Portela, 2009. "Aggregate and sector-specific exchange rate indexes for the Portuguese economy," Notas Económicas, Faculty of Economics, University of Coimbra, issue 30, pages 6-28, December.
    2. Menzie Chinn, 2006. "A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation," Open Economies Review, Springer, vol. 17(1), pages 115-143, January.
    3. Mr. Herman Z Bennett & Ziga Zarnic, 2008. "International Competitiveness of the Mediterranean Quartet: A Heterogeneous-Product Approach," IMF Working Papers 2008/240, International Monetary Fund.
    4. Marczak, Martyna & Beissinger, Thomas, 2018. "Competitiveness at the country-sector level: New measures based on global value chains," Hohenheim Discussion Papers in Business, Economics and Social Sciences 12-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    5. Crt Lenarcic & Sowmya Gayathri Ganesh, 2020. "Calculation Methodology of the Effective Exchange Rate in Slovenia," Journal of Innovative Business and Management, DOBA Faculty, vol. 12(2), pages 20-37.
    6. Hulya Saygili & Mesut Saygili & Gokhan Yilmaz, 2010. "Turkiye icin Yeni Reel Efektif Doviz Kuru Endeksleri," Working Papers 1012, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    7. Anderton, Robert & di Mauro, Filippo & Moneta, Fabio, 2004. "Understanding the impact of the external dimension on the euro area: trade, capital flows and other international macroeconomic linkages," Occasional Paper Series 12, European Central Bank.
    8. Winkler, Adalbert & Geis, André & Böwer, Uwe, 2007. "Commodity price fluctuations and their impact on monetary and fiscal policies in Western and Central Africa," Occasional Paper Series 60, European Central Bank.
    9. Mr. Charalambos G Tsangarides & Mr. Gustavo Ramirez, 2007. "Competitiveness in the CFA Franc Zone," IMF Working Papers 2007/212, International Monetary Fund.
    10. Russo, Daniela & Hart, Terry L. & Malaguti, Maria Chiara & Papathanassiou, Chryssa, 2004. "Governance of securities clearing and settlement systems," Occasional Paper Series 21, European Central Bank.
    11. Russo, Daniela & Caviglia, Giacomo & Papathanassiou, Chryssa & Rosati, Simonetta, 2007. "Prudential and oversight requirements for securities settlement," Occasional Paper Series 76, European Central Bank.
    12. Wolswijk, Guido & de Haan, Jakob, 2005. "Government debt management in the euro area - recent theoretical developments and changes in practices," Occasional Paper Series 25, European Central Bank.
    13. Garcí­a, Juan Angel, 2003. "An introduction to the ECB's survey of professional forecasters," Occasional Paper Series 8, European Central Bank.
    14. Gonzalez, F. & Haas, F. & Johannes, R. & Persson, M. & Toledo, L. & Violi, R. & Zins, C. & Wieland, M., 2004. "Market dynamics associated with credit ratings: a literature review," Financial Stability Review, Banque de France, issue 4, pages 53-76, June.
    15. Strasser, Georg, 2013. "Exchange rate pass-through and credit constraints," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 25-38.
    16. Willman, Alpo & Whelan, Karl & Altissimo, Filippo & Georgiou, Evaggelia & Sastre, Teresa & Valderrama, Maria Teresa & Sterne, Gabriel & Stocker, Marc & Weth, Mark, 2005. "Wealth and asset price effects on economic activity," Occasional Paper Series 29, European Central Bank.
    17. Thimann, Christian & Drage, John & Nikitin, Minna & Just, Christian & Pauli, Rolf & Committeri, Marco & Weber, Pierre-François & Fernández de Lis, Santiago & von Stenglin, Stephan & Hollensen, Ole & B, 2005. "Managing financial crises in emerging market economies - experience with the involvement of private sector creditors," Occasional Paper Series 32, European Central Bank.
    18. Gelman, Maria & Jochem, Axel & Reitz, Stefan & Taylor, Mark P., 2015. "Real financial market exchange rates and capital flows," Journal of International Money and Finance, Elsevier, vol. 54(C), pages 50-69.
    19. González, Fernando & Coppens, François & Winkler, Gerhard, 2007. "The performance of credit rating systems in the assessment of collateral used in Eurosystem monetary policy operations," Occasional Paper Series 65, European Central Bank.
    20. Gern, Klaus-Jürgen & Kamps, Christophe & Meier, Carsten-Patrick & Scheide, Joachim, 2004. "Verhaltener Aufschwung in Euroland," Open Access Publications from Kiel Institute for the World Economy 3215, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:nierwp:0095. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Hegardt Grant (email available below). General contact details of provider: https://edirc.repec.org/data/kongvse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.