In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued? /

This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overva...

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Detalles Bibliográficos
Autor principal: Oomes, Nienke
Otros Autores: Minasyan, Gohar, Stepanyan, Ara, Stepanyan, Vahram
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Colección:IMF Working Papers; Working Paper ; No. 2009/049
Acceso en línea:Full text available on IMF
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100 1 |a Oomes, Nienke. 
245 1 0 |a In Search of a Dramatic Equilibrium :   |b Was the Armenian Dram Overvalued? /  |c Nienke Oomes, Vahram Stepanyan, Gohar Minasyan, Ara Stepanyan. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (22 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 This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overvalued by about 20-30 percent prior to the devaluation of the dram in March 2009. 
538 |a Mode of access: Internet 
700 1 |a Minasyan, Gohar. 
700 1 |a Stepanyan, Ara. 
700 1 |a Stepanyan, Vahram. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/049 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/049/001.2009.issue-049-en.xml  |z IMF e-Library