Introduction -- Growth in Bangladesh -- The RMG sector and external competitiveness in the post-MFA world -- Key medium-term fiscal challenges -- Banking reform in Bangladesh
Summary
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 20x2013;30 percent prior to the devaluation of the dram in March 2009
