Title External performance in low-income countries / Alessandro Prati [and others]

Published [Washington, D.C.] : International Monetary Fund, ©2011

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Description 1 online resource (vii, 64 pages) Series Occasional paper ; 272 Occasional paper (International Monetary Fund) ; no. 272. Contents Cover; Contents; Preface; 1. Overview; 2. Literature on the Main Determinants of External Balance; Macroeconomic Policies, Predetermined Characteristics, and Economic Development; Policy Distortions and Institutions; Shocks; External Financing through Official Aid; 3. Empirical Analysis of the Current Account; Benchmark Current Account Regressions for Low-Income Countries; Tables; 3.1. Medium-Term Determinants of the Current Account: Main Results; 3.2. Real Deposit Interest Rates in Selected Asian Developing Countries and the United States; Robustness 3.3. Medium-Term Determinants of the Current Account: RobustnessAre Low-Income Countries Different?; 3.4. Current Account Regressions with Different Slopes for Low- and High-Income Countries; 3.5. F-Tests of Equality (p-values) of Coefficients across Income Groups for Regressions Reported in Table 3.4; 4. Empirical Analysis of the Real Exchange Rate; Benchmark Real Effective Exchange Rate Regressions for Low-Income Countries; 4.1. Panel Unit Root Test Statistic; Are Low-Income Countries Different?; 4.2. Real Effective Exchange Rate (IMF Information Notice System Definition) Regressions Robustness4.3. Real Effective Exchange Rate (Penn World Table) Regressions; Speed of Adjustment; 4.4. Real Effective Exchange Rate (IMF Information Notice System Definition) Regressions with Different Slopes for Low-Income and High-Income/Emerging Market Countries; 4.5. F-Tests of Equality (p-values) of Coefficients of Regressions in Table 4.4; 4.6. Real Effective Exchange Rate (IMF Information Notice System Definition) Regressions, Robustness; 4.7. Real Effective Exchange Rate (Penn World Table) Regressions, Robustness; 5. Empirical Analysis of the Net Foreign Assets Position Benchmark Net Foreign Asset Regressions for Low-Income Countries5.1. Net Foreign Assets Regressions; Robustness; Are Low-Income Countries Different?; Speed of Adjustment; 5.2. Net Foreign Assets Regressions: Comparing Low-Income with High-Income/Emerging Market Countries; 6. Import and Export Elasticities; The Model; Calculation of Elasticities; 6.1. Import Demand Elasticities; 6.2. Export Supply Elasticities; 7. Trade Elasticities and the Exchange Rate; The General Formula for Trade Balance Elasticities; Special Cases; 7.1. Summary of How Changes in the Exchange Rate Affect the Trade Balance 7.2. Trade Balance ElasticitiesAppendix: The Database; A1. Low-Income Country Sample; A2. Regression Variable Statistics; References Summary "Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position."--Publisher's website Analysis Balance of trade -- Developing countries Bibliography Includes bibliographical references (pages 60-64) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English Print version record digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Balance of payments -- Developing countries Foreign exchange rates -- Developing countries Balance of trade -- Developing countries Secteurs économiques. Faibles revenus. Financement compensatoire. Financement extérieur. Crise financière. Balance of payments Balance of trade Foreign exchange rates Zahlungsbilanz Devisenmarkt Handelsbilanz Finance. Business & Economics. International Finance. Developing countries Entwicklungsländer Form Electronic book Author Prati, Alessandro, 1961- author. International Monetary Fund. ISBN 9781455267354 145526735X 9781462390915 1462390919

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