Real Exchange Rate Current Account Balance by wan86752

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Real Exchange Rate Current Account Balance document sample

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									                                                           Actual Exchange Rate Vs. PPP


                                         0.2750



                                         0.2700



                                         0.2650



                                         0.2600
Mark/Kroner




                                         0.2550



                                         0.2500



                                         0.2450



                                         0.2400



                                         0.2350
                                                    198     199    199    199    199    199    199    199    199    199    199    200    200
                                                     9       0      1      2      3      4      5      6      7      8      9      0      1
              Actual Exchange Rate (Mark/Kroner) 0.2572 0.2617 0.2594 0.2583 0.2546 0.2547 0.2554 0.2586 0.2621 0.2627 0.2629 0.2625 0.2625
              Purchasing Power Parity for Denmark   0.26    0.26   0.26   0.27   0.27   0.27   0.27   0.26   0.26   0.26   0.26   0.25   0.25
                                                                                               Year
                           Percent Change in Exchange Rate Vs. Interest Rate Differential


                               0.03



                               0.02



                               0.01



                               0.00



                              -0.01



                              -0.02



                              -0.03



                              -0.04
                                       1989    1990    1991    1992    1993    1994    1995    1996    1997    1998    1999    2000    2001
Interest Rate Differential Denmark &
              Germany                  -0.03   -0.03   -0.01   -0.02   -0.04   -0.01   -0.02   -0.01   -0.01   -0.01   -0.01   -0.01    0

Actual Change in Value of Denmark's
             Currency                  0.02    -0.01   0.00    -0.01   0.00    0.00     0.01   0.01    0.00    0.00    0.00    0.00     0
                                                                                       Year
                         The percentage Change in Exchange Rate Vs. Real Interest Rate


                            14.00



                            12.00



                            10.00



                             8.00



                             6.00



                             4.00



                             2.00



                             0.00



                             -2.00
                                      1989   1990    1991   1992    1993    1994   1995    1996   1997   1998   1999   2000    2001
Actual Change in Value of Denmark's
             Currency                 0.02   -0.01   0.00   -0.01   0.00    0.00    0.01   0.01   0.00   0.00   0.00   0.00     0

The Real Interest Rate in Denmark      0     10.01   8.81   12.49   12.05   5.36    3.43   2.86   1.81   4.85   2.87   -0.95    0
                                                                                   Year
                                    Overall Balance, Finacial & Current Accounts


                    12000


                    10000


                     8000


                     6000


                     4000


                     2000


                        0


                    -2000


                    -4000


                    -6000


                    -8000
                             1989    1990    1991   1992    1993    1994   1995    1996    1997    1998   1999    2000    2001
OVERALL BALANCE             -3837.563384.72-2903.324074.79 -567.33 -1851.18 2497.9 3563.33 6532.12-4239.419437.25-5649.253269.68
FINANCIAL ACCOUNT, N.I.E. -2372.984419.94-2703.47 423.41 -6545.31-5646.93 -431.6 1881.98 8495.55-1489.07 6247.2 -3688.56-3837.45
CURRENT ACCOUNT, N.I.E. -1117.661371.55 1983.27 4198.75 4831.71 3189.39 1854.78 3089.67 921.26 -2008.092914.77 2506.72 4141.88
                                                                           Year
          UNITS
CDROM SCALE_FACTOR                          SCALE               NAME
                                                       COUNTRY DATABASESERIES_CODE
          National Currency per US Dollar   None       Denmark IFS     128..RF.ZF...
          National Currency per US Dollar   None       Germany IFS     134..RF.ZF...
          Percent per Annum                 None       Denmark IFS     12860B..ZF...
          Percent per Annum                 None       Germany IFS     13460B..ZF...
          Index Number                      None       Denmark IFS     12863...ZF...
          Index Number                      None       Germany IFS     13463...ZF...
          National Currency per ECU         None       Germany IFS     134..EB.ZF...
          National Currency per ECU         None       Denmark IFS     128..EB.ZF...
 1.00E-09 National Currency                 Billions   Denmark IFS     12898C..ZF...
 1.00E-09 National Currency                 Billions   Denmark IFS     12899B..ZF...
 1.00E-09 National Currency                 Billions   Denmark IFS     12893E..ZF...
 1.00E-09 National Currency                 Billions   Denmark IFS     12890C..ZF...




                                                                                 Actual Exchange Rate (Mark

                                                                                 Purchasing Power Parity for

                                                                                 Overvaluation of Danish Kro

                                                                                 Interest Rate Differential De

                                                                                 Actual Change in Value of D

                                                                                 The Real Interest Rate in De




                                                                                 Post-1998 Exchange rate M

                                                                                 MPM
                                                                                 Average MPM
                                                                                 MPS
                                                                                 Average MPS




 1.00E-06 US Dollars                        Millions   Denmark IFS      12878CBDZF...
 1.00E-06 US Dollars                        Millions   Denmark IFS      12878BJDZF...
 1.00E-06 US Dollars                        Millions   Denmark IFS      12878ALDZF...
DESCRIPTOR                                        1989       1990       1991       1992       1993
MARKET RATE                                        7.31       6.19        6.4       6.04       6.48
MARKET RATE                                        1.88       1.62       1.66       1.56       1.65
CALL MONEY RATE                                    9.66     10.97        9.78     11.35      11.49
CALL MONEY RATE                                    6.59       7.92       8.84       9.42       7.49
PRICES: HOME & IMPORT GOODS                        96.2     97.12      98.06      96.94        96.4
PRODUCER PRICES                                  92.63      94.23      96.17      97.56      97.71
GERMAN MARKS PER ECU;PD.AVG.
DANISH KRONER PER EURO:PD.AVG.
IMPORTS OF GOODS AND SERVICES                   252.24     253.83     268.68     265.57     257.31
GROSS DOMESTIC PRODUCT (GDP)                     788.6     825.31     857.65     887.87     900.15
GROSS FIXED CAPITAL FORMATION                   163.18     165.95     165.59        161     155.74
EXPORTS OF GOODS AND SERVICES                   276.65      295.7     319.09     324.25     318.58




Actual Exchange Rate (Mark/Kroner)              0.2572     0.2617     0.2594     0.2583     0.2546

Purchasing Power Parity for Denmark                0.26      0.26        0.26      0.27        0.27

Overvaluation of Danish Kroner                     0.00      0.01       -0.01     -0.04       -0.06

Interest Rate Differential Denmark & Germany      -0.03     -0.03       -0.01     -0.02       -0.04

Actual Change in Value of Denmark's Currency       0.02     -0.01        0.00     -0.01        0.00

The Real Interest Rate in Denmark               n.a.        10.01        8.81     12.49      12.05




Post-1998 Exchange rate Mark/Euro              1.95583

MPM                                            0.319858 0.307557 0.313275 0.299109 0.285852
Average MPM                                    0.324231
MPS                                            0.237877 0.251808 0.251851 0.247424 0.241082
Average MPS                                    0.245144




OVERALL BALANCE                                -3837.56   3384.72    -2903.32   4074.79     -567.33
FINANCIAL ACCOUNT, N.I.E.                      -2372.98   4419.94    -2703.47    423.41    -6545.31
CURRENT ACCOUNT, N.I.E.                        -1117.66   1371.55     1983.27   4198.75     4831.71
   1994      1995        1996       1997        1998       1999       2000       2001
    6.36        5.6        5.8        6.6         6.7       6.98       8.08       8.32
    1.62      1.43         1.5       1.73        1.76   n.a.        n.a.       n.a.
     6.3      6.19        3.98       3.71        4.27       3.37       4.98    n.a.
    5.35        4.5       3.27       3.18        3.41       2.73       4.11       4.37
  97.31        100     101.12     103.04      102.44    102.95      109.06     111.21
  98.29        100      98.78      99.94       99.54      98.53     101.78     104.86

                                                           7.44       7.45       7.45
    291     316.14     327.18     367.69       390.1     402.31     491.41     522.35
 965.72    1009.76    1060.89    1116.32     1155.41     1213.6    1296.14    1343.14
 168.36      189.3      198.4     220.52      240.31     248.07     282.96     284.33
 342.63     357.45     379.41     406.89       413.4     459.61     567.38     607.45




 0.2547     0.2554     0.2586     0.2621      0.2627    0.26288 0.262528 0.262528

    0.27      0.27       0.26       0.26        0.26       0.26        0.25       0.25

   -0.06     -0.04      -0.01       0.01        0.01       0.03        0.05       0.04

   -0.01     -0.02      -0.01      -0.01       -0.01      -0.01       -0.01    n.a.

    0.00      0.01       0.01       0.00        0.00       0.00        0.00    n.a.

    5.36      3.43       2.86       1.81        4.85       2.87       -0.95    n.a.




0.30133 0.313084 0.308401 0.329377 0.337629 0.331501 0.379133 0.388902

0.227799 0.228381 0.236245 0.232657 0.228153 0.251623 0.276922                0.27505
                   1.95583


                      0.26288 0.262528 0.262528



                                            3.804012 3.809125 3.809125



-1851.18    2497.9    3563.33    6532.12    -4239.41    9437.25    -5649.25    3269.68
-5646.93    -431.6    1881.98    8495.55    -1489.07     6247.2    -3688.56   -3837.45
 3189.39   1854.78    3089.67     921.26    -2008.09    2914.77     2506.72    4141.88

								
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