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100   $a20100906d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
200 10$aExchange rate assessments$b[electronic resource] $emethodologies for oil exporting countries /$fRudolfs Bems and Irineu de Carvalho Filho
210   $a[Washington, D.C.] $cInternational Monetary Fund, Research Department$dc2009
215   $a1 online resource (37 p.)
225 1 $aIMF working paper ;$vWP/09/281
300   $a"December 2009."
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; Figures; 1. Current Account Behavior for Oil Exporters; 2. Oil Dependency and Volatility, 1970-2006; II. Price Based Methodologies; A. Regression model setup; B. Econometric results; C. Robustness; D. Implementation; Tables; 1. ERER Regression:  Long-Run Coefficients (1980-2007); III. Quantity Based Methodologies; 2. Determinants of the Current Account in the Medium-Run: 1969-2007; IV. Balance Sheet-Based Methodologies; A. Theoretical Background; B. Allocation Rules; C. Determinants of Current Account Balances; D. Implementation; Text Tables
327   $a3. Time-series Data for the Dynamic ES Exercise4. NFA-Stabilizing CA Balances under Various ES Specification; 3. Evolution of NFA under Various ES Specification; V. Concluding Remarks; References; Appendices; 1. Implementation of Quality-Based Approaches to Real Exchange Rate Assessment; 2. Unit Root and Cointegration Tests; Appendices Tables; 1. A. Unit Root Test on Real Exchange Rate and Fundamentals (1980-2007); B. Panel Unit Root Tests; 2. Panel Cointegration Tests; 3. Sample Composition
330   $aAre the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of real effective exchange rates) identify a strong link between the real exchange rate and the terms of trade, but have relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil e
410  0$aIMF working paper ;$vWP/09/281.
606   $aForeign exchange administration$zAfrica, Sub-Saharan
606   $aForeign exchange$xAccounting$zAfrica, Sub-Saharan
606   $aFiscal policy$zAfrica, Sub-Saharan
606   $aPetroleum industry and trade$zAfrica, Sub-Saharan
607   $aAfrica, Sub-Saharan$xEconomic policy
608   $aElectronic books.
615  0$aForeign exchange administration
615  0$aForeign exchange$xAccounting
615  0$aFiscal policy
615  0$aPetroleum industry and trade
700   $aBems$b Rudolfs$0893809
701   $aCarvalho Filho$b Irineu E$g(Irineu Evangelista),$f1971-$0869958
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464590303321
996   $aExchange rate assessments$91996482
997   $aUNINA