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
Tabla de Contenidos:
  • I. Introduction; Figures; 1. Current Account Behavior for Oil Exporters; 2. Oil Dependency and Volatility, 1970-2006; II. Price Based Methodologies; A. Regression model setup; B. Econometric results; C. Robustness; D. Implementation; Tables; 1. ERER Regression: Long-Run Coefficients (1980-2007); III. Quantity Based Methodologies; 2. Determinants of the Current Account in the Medium-Run: 1969-2007; IV. Balance Sheet-Based Methodologies; A. Theoretical Background; B. Allocation Rules; C. Determinants of Current Account Balances; D. Implementation; Text Tables.
  • 3. Time-series Data for the Dynamic ES Exercise4. NFA-Stabilizing CA Balances under Various ES Specification; 3. Evolution of NFA under Various ES Specification; V. Concluding Remarks; References; Appendices; 1. Implementation of Quality-Based Approaches to Real Exchange Rate Assessment; 2. Unit Root and Cointegration Tests; Appendices Tables; 1. A. Unit Root Test on Real Exchange Rate and Fundamentals (1980-2007); B. Panel Unit Root Tests; 2. Panel Cointegration Tests; 3. Sample Composition.

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