In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued?.

Annotation

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Oomes, Nienke (Autor), Stepanyan, Vahram (Autor), Minasyan, Gohar (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, March 2009.
Colección:IMF Working Papers.
Temas:
Foreign exchange rates > Armenia.
Devaluation of currency > Armenia.
Taux de change > Arménie.
Dévaluation > Arménie.
Devaluation of currency
Foreign exchange rates
Armenia
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; Figures; 1. Estimated Real Exchange Rate Misalignment; II. Purchasing Power Parity (PPP) Approach; 2. Armenian Price Level Relative to U.S. Price Level; 3. Relative Price Levels and Relative Incomes; 4. PPP Approach Equilibrium and Atual Real Exchanges; 5. PPP Approach: Real Exchange Rate Misalignment; III. Behavioral Equilibrium Real Exchange Rate (BEER) Approach; A. Productivity measures; B. Other equilibrium exchange rate determinants; C. Results; Tables; 1. BEER Approach: Augmented Dickey-Fuller Test Results; 2. BEER Approach: Estimated Cointegrating Vector.
  • IV. External Sustainability (ES) Approach6. BEER Approach: Equilibrium and Actual REER; 7. BEER Approach: Real Exchange Rate Misalignment; 8. ES Approach: Real Exchange Rate Misalignment; V. Conclusion; 9. Estimated Real Exchange Rate Misalignment; References.

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