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Record Nr. |
UNINA9910788335403321 |
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Autore |
Eyraud Luc |
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Titolo |
Madagascar : : A Competitiveness and Exchange Rate Assessment / / Luc Eyraud |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-6687-2 |
1-4518-7254-2 |
1-4519-8827-3 |
1-282-84322-2 |
9786612843228 |
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Descrizione fisica |
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Collana |
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Soggetti |
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Competition - Madagascar |
Foreign exchange rates - Madagascar |
Exports and Imports |
Finance: General |
Foreign Exchange |
General Financial Markets: General (includes Measurement and Data) |
Trade: General |
Currency |
Foreign exchange |
Finance |
International economics |
Exchange rates |
Real effective exchange rates |
Competition |
Real exchange rates |
Export performance |
Exports |
Madagascar, Republic of |
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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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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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The purpose of this paper is to assess Madagascar's competitiveness in recent years, using both price and nonprice indicators and an exchange rate assessment of the currency. We estimate the distance between the equilibrium and the actual real exchange rates using three methods: the macroeconomic balance approach, the external sustainability approach, and the reduced-form equilibrium real exchange rate approach. These methods suggest that in the medium term the real exchange rate is only slightly overvalued. We also carry out a comparative analysis of nonprice indicators and find that Madagascar performs less favorably than its competitors on structural competitiveness. |
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