External Performance in Low-Income Countries
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Alessandro Mr. Prati, Luca Mr. Ricci, Lone Engbo Christiansen, Stephen Mr. Tokarick, Thierry Mr. Tressel | ISBN: | 9781462390915 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | March 15, 2011 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Alessandro Mr. Prati, Luca Mr. Ricci, Lone Engbo Christiansen, Stephen Mr. Tokarick, Thierry Mr. Tressel |
| ISBN: | 9781462390915 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | March 15, 2011 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.
Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.
