Exchange Rate Misalignment : : An Application of the Behavioral Equilibrium Exchange Rate (BEER) to Botswana / / Atsushi Iimi
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Iimi Atsushi
|
| Titolo: |
Exchange Rate Misalignment : : An Application of the Behavioral Equilibrium Exchange Rate (BEER) to Botswana / / Atsushi Iimi
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (31 p.) |
| Soggetto topico: | Foreign exchange rates - Botswana |
| Foreign exchange market - Botswana | |
| Financial crises - Botswana | |
| Foreign Exchange | |
| Money and Monetary Policy | |
| Monetary Systems | |
| Standards | |
| Regimes | |
| Government and the Monetary System | |
| Payment Systems | |
| Currency | |
| Foreign exchange | |
| Monetary economics | |
| Exchange rates | |
| Real exchange rates | |
| Real effective exchange rates | |
| Exchange rate arrangements | |
| Currencies | |
| Money | |
| Soggetto geografico: | Botswana |
| Note generali: | At head of title: African Department. |
| "June 2006." | |
| Nota di bibliografia: | Includes bibliographical references (p. 27-29). |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. THE LITERATURE""; ""III. RECENT DEVELOPMENTS IN EXCHANGE RATES IN BOTSWANA""; ""IV. ANALYTICAL FRAMEWORK""; ""V. ESTIMATION RESULTS""; ""VI. DISCUSSION""; ""VII. CONCLUSION""; ""EXPERIENCES OF OTHER COUNTRIES ADOPTING CRAWLING PEG ARRANGEMENTS""; ""REFERENCES"" |
| Sommario/riassunto: | Botswana's successive currency devaluations and recent move from a fixed to a crawling peg exchange rate regime raise the question of whether the exchange rate might be misaligned with economic fundamentals. This paper, applying the behavioral equilibrium exchange rate (BEER) approach, analyzes the behavior of the real exchange rate for the period 1985-2004. It finds that the pula was undervalued in the later 1980s but overvalued in recent years. Some policy lessons from experiences in other countries with crawling peg arrangements are therefore considered in the context of Botswana. |
| Titolo autorizzato: | Exchange Rate Misalignment |
| ISBN: | 1-4623-5586-2 |
| 1-4527-3097-0 | |
| 1-283-51269-6 | |
| 1-4527-0135-0 | |
| 9786613825148 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788417803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/140