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An assessment of external price competitiveness for Mozambique /

This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates tha...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Vitek, Francis (Autor)
Autor Corporativo: International Monetary Fund. Strategy, Policy, and Review Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/165.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates that the metical is overvalued by 26 to 41 percent in real effective terms. If sustained, an overvaluation of this magnitude has the potential to retard economic growth and jeopardize external stability, calling for an adjustment of monetary policy to gradually restore external price competitiveness.
Descripción Física:1 online resource (20 pages) : color illustrations
Bibliografía:Includes bibliographical references (page 20).
ISBN:1451917406
9781451917406
1462300278
9781462300273
1452758131
9781452758138
1451873123
9781451873122
1282843788
9781282843783
9786612843785
6612843780
ISSN:2227-8885 ;