Estimating Egypt's Equilibrium Real Exchange Rate /

In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchan...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Mongardini, Joannes
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 1998.
Seria:IMF Working Papers; Working Paper ; No. 1998/005
Dostęp online:Full text available on IMF
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245 1 0 |a Estimating Egypt's Equilibrium Real Exchange Rate /  |c Joannes Mongardini. 
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300 |a 1 online resource (41 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/005 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/005/001.1998.issue-005-en.xml  |z IMF e-Library