Limit search to available items
Book Cover
E-book
Author Shihābī, ʻUmar Hishām, author

Title Estimating equilibrium exchange rates for Armenia and Georgia / prepared by Omar AlShehabi and Shuang Ding
Published [Washington, D.C.?] : International Monetary Fund, ©2008
©2008

Copies

Description 1 online resource (21 pages) : color illustrations
Series IMF working paper ; WP/08/110
IMF working paper ; WP/08/110.
Contents I. INTRODUCTION; II. STYLIZED FACTS ON EXTERNAL COMPETITIVENESS; III. APPLICATION OF THE BEER ; IV. CONCLUSION; Appendix. Methodology, Data Construction, and Results; References
Summary 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
Notes Title from title screen (viewed September 21, 2009)
At head of title: Middle East and Central Asia Department
"April 2008."
Bibliography Includes bibliographical references (pages 19-21)
Subject Foreign exchange rates -- Armenia (Republic) -- Econometric models
Foreign exchange rates -- Georgia (Republic) -- Econometric models
Foreign exchange rates -- Econometric models
Armenia (Republic)
Georgia (Republic)
Form Electronic book
Author Ding, Shuang, author.
International Monetary Fund. Middle East and Central Asia Department.
ISBN 1282840649
9781282840645