Estimating Equilibrium Exchange Rates for Armenia and Georgia /

The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current account deficits, raises the question of whether real exchange rates have become overvalued. This paper seeks to identify possible exchange rate misalignment by applying the behavioral...

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Detalhes bibliográficos
Autor principal: Ding, Shuang
Outros Autores: Al Shehabi, Omar
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2008.
Colecção:IMF Working Papers; Working Paper ; No. 2008/110
Acesso em linha:Full text available on IMF