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|z 9781451869446
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|a 1018-5941
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|a Delechat, Corinne.
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|a Exchange Rate Assessment in a Resource-Dependent Economy :
|b The Case of Botswana /
|c Corinne Delechat, Matthew Gaertner.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective exchange rate is now broadly in line with economic fundamentals. The projected current account path is also consistent with external sustainability, defined to ensure sufficient savings of diamond wealth in order to maintain a stable import and consumption path through 2050. Sustaining consumption over the longer term will however require to address obstacles to non-diamond exports' competitiveness.
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|a Mode of access: Internet
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|a Gaertner, Matthew.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/083
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/083/001.2008.issue-083-en.xml
|z IMF e-Library
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