Format:
Online-Ressource (21 p)
Edition:
Online-Ausg.
ISBN:
1451869703
,
9781451869705
Series Statement:
IMF Working Papers Working Paper No. 08/110
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Ding, Shuang Estimating Equilibrium Exchange Rates for Armenia and Georgia Washington, D.C. : International Monetary Fund, 2008 ISBN 9781451869705
Language:
English
DOI:
10.5089/9781451869705.001
