1.

Record Nr.

UNINA9910973783903321

Autore

Ding Shuang

Titolo

Estimating Equilibrium Exchange Rates for Armenia and Georgia / / Shuang Ding, Omar Al Shehabi

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

9786612840647

9781462340668

1462340660

9781452774312

1452774315

9781282840645

1282840649

9781451869705

1451869703

Edizione

[1st ed.]

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/110

Altri autori (Persone)

Al ShehabiOmar

Disciplina

332.45

Soggetti

Foreign exchange rates - Armenia (Republic) - Econometric models

Foreign exchange rates - Georgia (Republic) - Econometric models

Balance of payments

Currency

Current Account Adjustment

Current account balance

Economic policy

Empirical Studies of Trade

Exchange rates

Exports and Imports

Foreign Exchange

Foreign exchange

International economics

Nternational cooperation

Real effective exchange rates

Real exchange rates

Short-term Capital Movements

Terms of trade

Georgia



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Stylized Facts on External Competitiveness; Figures; 1. Armenia and Georgia: Real Effective Exchange Rates, 1995-2007; 2. Armenia and Georgia: Terms of Trade, 1995-2007; 3. Armenia and Georgia: External Current Account Balance, 1995-2007; 4. Armenia and Georgia: Real Per-Capita GDP in Local Currencies, 1995-2007; 5. Armenia and Georgia: Industrial Unit Labor Costs, 1999-2006; III. Application of the BEER; A. Theoretical Background; B. Selection of Variables; C. Econometric Methodology; D. Estimation Results

6. Armenia and Georgia: Exchange Rate Misalignment, 1997-2006IV. Conclusion; 7. Armenia and Georgia: Equilibrium Real Exchange Rate Index, 1997-2006; Appendix; Methodology, Data Construction, and Results; A. Methodology and Data Construction; Tables; 1. Armenia: Estimated Coefficients for Several Lag Specifications; 2. Georgia: Estimated Coefficients for Several Lag Specifications; B. Results; 3. Armenia: Long-Run Relationship Results Using the Bound Testing Approach; 4. Georgia: Long-Run Relationship Results Using the Bound Testing Approach

5. Armenia and Georgia: Johansen Cointegration Test and VECM Results6. Armenia and Georgia: Estimated Coefficients and Information Criteria Using Johansen's Approach; References

Sommario/riassunto

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.



2.

Record Nr.

UNINA9911004853503321

Titolo

SVC 52nd Annual Technical Conference Proceedings

Pubbl/distr/stampa

[Place of publication not identified], : Society of Vacuum Coaters, 2009

ISBN

1-878068-29-6

Descrizione fisica

1 online resource (795 p.)

Disciplina

671.735

Soggetti

Mechanical Engineering

Engineering & Applied Sciences

Mechanical Engineering - General

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes index.