Estimating Egypt's Equilibrium Real Exchange Rate:
In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchan...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/5 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment |
Beschreibung: | 1 Online-Ressource (41 p) |
ISBN: | 1451842155 9781451842159 |
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spelling | Mongardini, Joannes Verfasser aut Estimating Egypt's Equilibrium Real Exchange Rate Mongardini, Joannes Washington, D.C International Monetary Fund 1998 1 Online-Ressource (41 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/5 In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment Online-Ausg http://elibrary.imf.org/view/IMF001/02087-9781451842159/02087-9781451842159/02087-9781451842159.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mongardini, Joannes Estimating Egypt's Equilibrium Real Exchange Rate |
title | Estimating Egypt's Equilibrium Real Exchange Rate |
title_auth | Estimating Egypt's Equilibrium Real Exchange Rate |
title_exact_search | Estimating Egypt's Equilibrium Real Exchange Rate |
title_exact_search_txtP | Estimating Egypt's Equilibrium Real Exchange Rate |
title_full | Estimating Egypt's Equilibrium Real Exchange Rate Mongardini, Joannes |
title_fullStr | Estimating Egypt's Equilibrium Real Exchange Rate Mongardini, Joannes |
title_full_unstemmed | Estimating Egypt's Equilibrium Real Exchange Rate Mongardini, Joannes |
title_short | Estimating Egypt's Equilibrium Real Exchange Rate |
title_sort | estimating egypt s equilibrium real exchange rate |
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