Cargando…
Exchange rate assessment in a resource-dependent economy : the case of Botswana /
The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective exchan...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
©2008.
|
| Colección: | IMF working paper ;
WP/08/83. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective exchange rate is now broadly in line with economic fundamentals. The projected current account path is also consistent with external sustainability, defined to ensure sufficient savings of diamond wealth in order to maintain a stable import and consumption path through 2050. Sustaining consumption over the longer term will however require to address obstacles to non-diamond exports' competitiveness. |
|---|---|
| Descripción Física: | 1 online resource (29 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 23-24). |
| ISBN: | 1451913982 9781451913989 9781451869446 1451869444 1462327559 9781462327553 1452714789 9781452714783 9786612840449 6612840447 1282840444 9781282840447 |
| ISSN: | 2227-8885 ; |