Estimating Equilibrium Exchange Rates for Armenia and Georgia:
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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/110 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (21 p) |
ISBN: | 1451869703 9781451869705 |
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spelling | Ding, Shuang Verfasser aut Estimating Equilibrium Exchange Rates for Armenia and Georgia Ding, Shuang Washington, D.C International Monetary Fund 2008 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/110 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 Online-Ausg Al Shehabi, Omar Sonstige oth http://elibrary.imf.org/view/IMF001/09250-9781451869705/09250-9781451869705/09250-9781451869705.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ding, Shuang Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title | Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title_auth | Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title_exact_search | Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title_exact_search_txtP | Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title_full | Estimating Equilibrium Exchange Rates for Armenia and Georgia Ding, Shuang |
title_fullStr | Estimating Equilibrium Exchange Rates for Armenia and Georgia Ding, Shuang |
title_full_unstemmed | Estimating Equilibrium Exchange Rates for Armenia and Georgia Ding, Shuang |
title_short | Estimating Equilibrium Exchange Rates for Armenia and Georgia |
title_sort | estimating equilibrium exchange rates for armenia and georgia |
url | http://elibrary.imf.org/view/IMF001/09250-9781451869705/09250-9781451869705/09250-9781451869705.xml |
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