03485oam 22009134 450 991078822990332120230721045657.01-4623-0027-81-4527-5813-11-4518-7312-31-282-84378-89786612843785(CKB)3170000000055319(SSID)ssj0000940044(PQKBManifestationID)11600615(PQKBTitleCode)TC0000940044(PQKBWorkID)10946361(PQKB)11405491(OCoLC)649746406(MiAaPQ)EBC1608394(IMF)WPIEE2009165(EXLCZ)99317000000005531920020129d2009 uf 0engurcn|||||||||txtccrAn Assessment of External Price Competitiveness for Mozambique /Francis VitekWashington, D.C. :International Monetary Fund,2009.20 p. illIMF Working Papers"August 2009."1-4519-1740-6 This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates that the metical is overvalued by 26 to 41 percent in real effective terms. If sustained, an overvaluation of this magnitude has the potential to retard economic growth and jeopardize external stability, calling for an adjustment of monetary policy to gradually restore external price competitiveness.IMF Working Papers; Working Paper ;No. 2009/165CompetitionMozambiquePricesMozambiqueExports and ImportsimfForeign ExchangeimfGlobalizationimfCurrent Account AdjustmentimfShort-term Capital MovementsimfGlobalization: GeneralimfCurrencyimfForeign exchangeimfInternational economicsimfReal effective exchange ratesimfCurrent account balanceimfNominal effective exchange rateimfReal exchange ratesimfGlobal competitivenessimfBalance of paymentsimfMozambiqueEconomic conditionsMozambique, Republic ofimfCompetitionPricesExports and ImportsForeign ExchangeGlobalizationCurrent Account AdjustmentShort-term Capital MovementsGlobalization: GeneralCurrencyForeign exchangeInternational economicsReal effective exchange ratesCurrent account balanceNominal effective exchange rateReal exchange ratesGlobal competitivenessBalance of paymentsVitek Francis1485142International Monetary Fund.Strategy, Policy, and Review Dept.DcWaIMFBOOK9910788229903321An Assessment of External Price Competitiveness for Mozambique3704128UNINA