Tanzania’s Equilibrium Real Exchange Rate / / Niko Hobdari

• Autore: Hobdari Niko
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (25 pages) : illustrations, tables
• Disciplina: 339.5
• Soggetto topico: Equilibrium (Economics); Foreign exchange rates - Tanzania - Econometric models; Balance of payments; Currency; Current Account Adjustment; Current account deficits; Exchange rates; Exports and Imports; Exports; Finance; Foreign direct investment; Foreign Exchange; Foreign exchange; International economics; International Investment; Investments, Foreign; Long-term Capital Movements; Real effective exchange rates; Short-term Capital Movements; Trade: General
• Soggetto geografico: Tanzania, United Republic of
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Intro -- Contents -- I. Introduction -- II. Is The Shilling Aligned with Its Fundamentals? -- A. Macroeconomic Balance Approach -- B. Equilibrium REER Approach -- C. External Sustainability Approach -- III. Where is the REER Headed Over the medium Term? -- IV. Magnitude of REER Adjustment -- V. Conclusions -- Appendix I: Summary of Three REER Methodologies -- Appendix II: Derivation of NFA Stabilizing Current Account Level -- Appendix III: Main Assumptions on Trade Elasticities -- References.
• Sommario/riassunto: Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that took place in the second half of the 1990s. Single-country and panel data estimates, and the external sustainability approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level. Looking forward, a modest trend appreciation of the equilibrium REER is expected, consistent with continued high GDP growth and an expected recovery in terms of trade. In addition, capital inflows to Tanzania could be significantly higher than currently expected, to take advantage of Tanzania's natural resources and strong policy framework. If so, these inflows would contribute to an additional appreciation by as much as 20 percent of the equilibrium REER.
• Titolo autorizzato: Tanzania’s Equilibrium Real Exchange Rate
• ISBN: 1-4623-2452-5; 9786612840906; 1-282-84090-8; 1-4518-6997-5; 1-4519-8426-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910820685003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2008/138