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...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Ding, Shuang
Drugi avtorji: Al Shehabi, Omar
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2008.
Serija:IMF Working Papers; Working Paper ; No. 2008/110
Online dostop:Full text available on IMF
LEADER 01617cas a2200253 a 4500
001 AALejournalIMF005069
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451869705 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Ding, Shuang. 
245 1 0 |a Estimating Equilibrium Exchange Rates for Armenia and Georgia /  |c Shuang Ding, Omar Al Shehabi. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (21 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 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 equilibrium exchange rate approach, complemented by an analysis of the traditional competitiveness indicators. The results indicate an undervaluation of the Armenian dram and no significant misalignment of the Georgian lari in 2006. 
538 |a Mode of access: Internet 
700 1 |a Al Shehabi, Omar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/110 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/110/001.2008.issue-110-en.xml  |z IMF e-Library