LEADER 03478oam 22009134 450 001 9910788335403321 005 20230721045721.0 010 $a1-4623-6687-2 010 $a1-4518-7254-2 010 $a1-4519-8827-3 010 $a1-282-84322-2 010 $a9786612843228 035 $a(CKB)3170000000055260 035 $a(SSID)ssj0000942106 035 $a(PQKBManifestationID)11582404 035 $a(PQKBTitleCode)TC0000942106 035 $a(PQKBWorkID)10984269 035 $a(PQKB)11129184 035 $a(OCoLC)550669510 035 $a(MiAaPQ)EBC1605904 035 $a(IMF)WPIEE2009107 035 $a(EXLCZ)993170000000055260 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMadagascar : $eA Competitiveness and Exchange Rate Assessment /$fLuc Eyraud 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a30 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1684-1 320 $aIncludes bibliographical references. 330 3 $aThe purpose of this paper is to assess Madagascar's competitiveness in recent years, using both price and nonprice indicators and an exchange rate assessment of the currency. We estimate the distance between the equilibrium and the actual real exchange rates using three methods: the macroeconomic balance approach, the external sustainability approach, and the reduced-form equilibrium real exchange rate approach. These methods suggest that in the medium term the real exchange rate is only slightly overvalued. We also carry out a comparative analysis of nonprice indicators and find that Madagascar performs less favorably than its competitors on structural competitiveness. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/107 606 $aCompetition$zMadagascar 606 $aForeign exchange rates$zMadagascar 606 $aExports and Imports$2imf 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aTrade: General$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aInternational economics$2imf 606 $aExchange rates$2imf 606 $aReal effective exchange rates$2imf 606 $aCompetition$2imf 606 $aReal exchange rates$2imf 606 $aExport performance$2imf 606 $aExports$2imf 607 $aMadagascar, Republic of$2imf 615 0$aCompetition 615 0$aForeign exchange rates 615 7$aExports and Imports 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aTrade: General 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aInternational economics 615 7$aExchange rates 615 7$aReal effective exchange rates 615 7$aCompetition 615 7$aReal exchange rates 615 7$aExport performance 615 7$aExports 700 $aEyraud$b Luc$01103642 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788335403321 996 $aMadagascar$93685559 997 $aUNINA