A competitive official real exchange rate is important to external balance and sustainable medium-term growth in developing countries. This article presents a methodology for estimating appropriate real rate and provides a basis for evaluating the extent to which the prevailing rate is misaligned. In particular, the medium-term equilibrium real exchange rate is evaluated by estimating the effects of structural factors on the trend observed for a country's...
Voir la suite
INFORMATION
-
1993/05/31
-
Article de revue
-
14283
-
1
-
1
-
2010/07/01
-
A medium-term framework for analyzing the real exchange rate, with applications to the Philippines and Tanzania
-
real exchange rate