Verfügbarkeit: Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime

Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime:

Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy, and...

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Körperschaft:	International Monetary Fund (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2002
Schriftenreihe:	IMF Working Papers Working Paper No. 02/190
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy, and the desire to relax capital controls. This paper explores how Tunisia avoided the pitfalls of real exchange rate targeting as predicted by the theoretical models. By estimating the equilibrium real exchange rate based on fundamental variables and assessing different measures of competitiveness, the paper finds no evidence of a misalignment in the current level of the exchange rate
Beschreibung:	1 Online-Ressource (27 p)
ISBN:	1451859678 9781451859676

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spelling	International Monetary Fund Verfasser aut Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime Washington, D.C International Monetary Fund 2002 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/190 Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy, and the desire to relax capital controls. This paper explores how Tunisia avoided the pitfalls of real exchange rate targeting as predicted by the theoretical models. By estimating the equilibrium real exchange rate based on fundamental variables and assessing different measures of competitiveness, the paper finds no evidence of a misalignment in the current level of the exchange rate Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/07533-9781451859676/07533-9781451859676/07533-9781451859676.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_auth	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_exact_search	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_exact_search_txtP	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_full	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_fullStr	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_full_unstemmed	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_short	Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
title_sort	tunisia s experience with real exchange rate targeting and the transition to a flexible exchange rate regime
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