Exchange Rate Assessments : Methodologies for Oil Exporting Countries /

Are the current account fluctuations in oil-exporting countries "excessive"? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help addres...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: de Carvalho Filho, Irineu
מחברים אחרים: Bems, Rudolfs
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2009.
סדרה:IMF Working Papers; Working Paper ; No. 2009/281
גישה מקוונת:Full text available on IMF
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245 1 0 |a Exchange Rate Assessments :   |b Methodologies for Oil Exporting Countries /  |c Irineu de Carvalho Filho, Rudolfs Bems. 
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300 |a 1 online resource (35 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 Are the current account fluctuations in oil-exporting countries "excessive"? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of real effective exchange rates) identify a strong link between the real exchange rate and the terms of trade, but have relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil exporting countries' data well, and an intertemporal model that takes into account the stock of oil reserves provide useful benchmarks for oil exporters' external balances. 
538 |a Mode of access: Internet 
700 1 |a Bems, Rudolfs. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/281 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/281/001.2009.issue-281-en.xml  |z IMF e-Library