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Exchange rate misalignment : an application of the behavioral equilibrium exchange rate (BEER) to Botswana /
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
©2006.
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| Colección: | IMF working paper ;
WP/06/140. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (29 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 27-29). |
| ISBN: | 1283512696 9781283512695 9781452701356 1452701350 1462355862 9781462355860 1452730970 9781452730974 9786613825148 661382514X |
| ISSN: | 2227-8885 ; |