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Record Nr. |
UNINA9910464244503321 |
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Autore |
Oomes Nienke |
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Titolo |
In search of a dramatic equilibrium [[electronic resource] ] : was the Armenian Dram overvalued? / / prepared by Nienke Oomes, Gohar Minasyan and Ara Stepanyan |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, Middle East and Central Asia Department, 2009 |
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ISBN |
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1-4623-5275-8 |
1-4527-3090-3 |
9786612842719 |
1-4518-7197-X |
1-282-84271-4 |
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Descrizione fisica |
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1 online resource (22 p.) |
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Collana |
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IMF working paper ; ; WP/09/49 |
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Altri autori (Persone) |
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MinasyanGohar |
StepanyanAra |
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Soggetti |
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Foreign exchange rates - Armenia |
Devaluation of currency - Armenia |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Contains bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; Figures; 1. Estimated Real Exchange Rate Misalignment; II. Purchasing Power Parity (PPP) Approach; 2. Armenian Price Level Relative to U.S. Price Level; 3. Relative Price Levels and Relative Incomes; 4. PPP Approach Equilibrium and Atual Real Exchanges; 5. PPP Approach: Real Exchange Rate Misalignment; III. Behavioral Equilibrium Real Exchange Rate (BEER) Approach; A. Productivity measures; B. Other equilibrium exchange rate determinants; C. Results; Tables; 1. BEER Approach: Augmented Dickey-Fuller Test Results; 2. BEER Approach: Estimated Cointegrating Vector |
IV. External Sustainability (ES) Approach6. BEER Approach: Equilibrium and Actual REER; 7. BEER Approach: Real Exchange Rate Misalignment; 8. ES Approach: Real Exchange Rate Misalignment; V. Conclusion; 9. Estimated Real Exchange Rate Misalignment; References |
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