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|z 9781451861549
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|a Koranchelian, Taline.
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|a The Equilibrium Real Exchange Rate in a Commodity Exporting Country :
|b Algeria's Experience /
|c Taline Koranchelian.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (18 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Drawing on the existing literature, I estimate a long-run equilibrium real exchange rate path for Algeria. I find that the Balassa-Samuelson effect together with real oil prices explain the long-run evolution of the equilibrium real exchange rate in Algeria. The half-life of the deviation of the real exchange rate from the estimated equilibrium level is about nine months, similar to that in other commodity-exporting countries. The general conclusions are that: (i) there is a time-varying long-run equilibrium exchange rate in Algeria as in other commodity-exporting countries; and (ii) the real effective exchange rate of the Algerian dinar at end-2003 was broadly in line with this equilibrium.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2005/135
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/135/001.2005.issue-135-en.xml
|z IMF e-Library
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