This paper summarizes the methods and types of indicators that are often employed both insid and outside the imf to assess whether exchange rates are broadly in line with economic fundamentals series occasional paper no 115 subject exchange rates. Exchange rates and economic fundamentals a framework for analysis published on by international monetary fund. Exchange rates and economic fundamentals a framework for analysis international monetary fund occasional paper paperback december 1 1994 by peter clark author leonardo bartolini author tamim bayoumi author steven symansky author 1 more. Abstract the analysis of exchange rate behavior has been a perennial topic in international monetary economics one strand of this literature relates to the explanation of observed movements in nominal and real exchange rates in terms of relevant economic variables