Armenia : An Assessment of the Real Exchange Rate and Competitiveness /

This paper uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel cons...

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Hlavní autor: Weber, Anke
Další autoři: Yang, Chunfang
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2011.
Edice:IMF Working Papers; Working Paper ; No. 2011/020
On-line přístup:Full text available on IMF
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245 1 0 |a Armenia :   |b An Assessment of the Real Exchange Rate and Competitiveness /  |c Anke Weber, Chunfang Yang. 
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490 1 |a IMF Working Papers 
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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 paper uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel consisting of transition economies in Europe and Central Asia. This addresses cross section dependence by using common correlated effects estimators. While our analysis focuses on Armenia, the methods are applicable to a large number of transition economies, and the paper thus provides an overview of methods that can be used to assess a country's equilibrium exchange rate. 
538 |a Mode of access: Internet 
700 1 |a Yang, Chunfang. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/020 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/020/001.2011.issue-020-en.xml  |z IMF e-Library