Exchange Rate Assessment in a Resource-Dependent Economy: The Case of Botswana
The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana''s real effective...
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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. 08/83 |
Schlagworte: | |
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 paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana''s real effective exchange rate is now broadly in line with economic fundamentals. The projected current account path is also consistent with external sustainability, defined to ensure sufficient savings of diamond wealth in order to maintain a stable import and consumption path through 2050. Sustaining consumption over the longer term will however require to address obstacles to non-diamond exports'' competitiveness |
Beschreibung: | Includes bibliographical references |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1451869444 9781451869446 |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:25Z |
indexdate | 2024-07-10T09:35:34Z |
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language | English |
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record_format | marc |
series2 | IMF Working Papers |
spelling | Deléchat, Corinne Verfasser aut Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana Deléchat, Corinne Washington, D.C International Monetary Fund 2008 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/83 Includes bibliographical references The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana''s real effective exchange rate is now broadly in line with economic fundamentals. The projected current account path is also consistent with external sustainability, defined to ensure sufficient savings of diamond wealth in order to maintain a stable import and consumption path through 2050. Sustaining consumption over the longer term will however require to address obstacles to non-diamond exports'' competitiveness Online-Ausg Diamond industry and trade Botswana Econometric models Foreign exchange rates Botswana Econometric models Botswana / Economic conditions / Econometric models Botswana / Economic policy / Econometric models Electronic books Gaertner, Matthew Sonstige oth http://elibrary.imf.org/view/IMF001/09161-9781451869446/09161-9781451869446/09161-9781451869446.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Deléchat, Corinne Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana Diamond industry and trade Botswana Econometric models Foreign exchange rates Botswana Econometric models |
title | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana |
title_auth | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana |
title_exact_search | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana |
title_exact_search_txtP | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana |
title_full | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana Deléchat, Corinne |
title_fullStr | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana Deléchat, Corinne |
title_full_unstemmed | Exchange Rate Assessment in a Resource-Dependent Economy The Case of Botswana Deléchat, Corinne |
title_short | Exchange Rate Assessment in a Resource-Dependent Economy |
title_sort | exchange rate assessment in a resource dependent economy the case of botswana |
title_sub | The Case of Botswana |
topic | Diamond industry and trade Botswana Econometric models Foreign exchange rates Botswana Econometric models |
topic_facet | Diamond industry and trade Botswana Econometric models Foreign exchange rates Botswana Econometric models |
url | http://elibrary.imf.org/view/IMF001/09161-9781451869446/09161-9781451869446/09161-9781451869446.xml |
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