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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Formato: | Periódico |
Idioma: | English |
Publicado em: |
Washington, D.C. :
International Monetary Fund,
2008.
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Colecção: | IMF Working Papers; Working Paper ;
No. 2008/110 |
Acesso em linha: | Full text available on IMF |