03478oam 22009134 450 991078833540332120230721045721.01-4623-6687-21-4518-7254-21-4519-8827-31-282-84322-29786612843228(CKB)3170000000055260(SSID)ssj0000942106(PQKBManifestationID)11582404(PQKBTitleCode)TC0000942106(PQKBWorkID)10984269(PQKB)11129184(OCoLC)550669510(MiAaPQ)EBC1605904(IMF)WPIEE2009107(EXLCZ)99317000000005526020020129d2009 uf 0engurcn|||||||||txtccrMadagascar : A Competitiveness and Exchange Rate Assessment /Luc EyraudWashington, D.C. :International Monetary Fund,2009.30 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1684-1 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2009/107CompetitionMadagascarForeign exchange ratesMadagascarExports and ImportsimfFinance: GeneralimfForeign ExchangeimfGeneral Financial Markets: General (includes Measurement and Data)imfTrade: GeneralimfCurrencyimfForeign exchangeimfFinanceimfInternational economicsimfExchange ratesimfReal effective exchange ratesimfCompetitionimfReal exchange ratesimfExport performanceimfExportsimfMadagascar, Republic ofimfCompetitionForeign exchange ratesExports and ImportsFinance: GeneralForeign ExchangeGeneral Financial Markets: General (includes Measurement and Data)Trade: GeneralCurrencyForeign exchangeFinanceInternational economicsExchange ratesReal effective exchange ratesCompetitionReal exchange ratesExport performanceExportsEyraud Luc1103642International Monetary Fund.DcWaIMFBOOK9910788335403321Madagascar3685559UNINA