Exchange Rate Assessments.

Are the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Carvalho Filho, Irineu E.
Otros Autores: Bems, Rudolfs
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Foreign exchange administration > Africa, Sub-Saharan.
Foreign exchange > Africa, Sub-Saharan > Accounting.
Fiscal policy > Africa, Sub-Saharan.
Petroleum industry and trade > Africa, Sub-Saharan.
Change > Administration > Afrique subsaharienne.
Change > Afrique subsaharienne > Comptabilité.
Politique fiscale > Afrique subsaharienne.
Pétrole > Industrie et commerce > Afrique subsaharienne.
Economic policy
Fiscal policy
Foreign exchange > Accounting
Foreign exchange administration
Petroleum industry and trade
Africa, Sub-Saharan > Economic policy.
Afrique subsaharienne > Politique économique.
Sub-Saharan Africa
Acceso en línea:Texto completo
Descripción
Sumario:Are the current account fluctuations in oil-exporting countries ""excessive""? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address these questions. Price-based methodologies (based on the time series of real effective exchange rates) identify a strong link between the real exchange rate and the terms of trade, but have relatively limited explanatory power. On the other hand, an empirical model of the current account, which fits oil e.
Descripción Física:1 online resource (37 pages)
ISBN:9781452771243
1452771243

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