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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Deléchat, Corinne (Author), Gaertner, Matthew (Author)
Corporate Author: International Monetary Fund. African Department
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.?] : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/83.
Subjects:
Foreign exchange rates > Botswana > Econometric models.
Diamond industry and trade > Botswana > Econometric models.
Taux de change > Botswana > Modèles économétriques.
Diamants > Industrie > Botswana > Modèles économétriques.
Economic history
Economic policy > Econometric models
Foreign exchange rates > Econometric models
Botswana > Economic conditions > Econometric models.
Botswana > Economic policy > Econometric models.
Botswana > Conditions économiques > Modèles économétriques.
Botswana > Politique économique > Modèles économétriques.
Botswana
Online Access:Texto completo

MARC

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100 1 |a Deléchat, Corinne,  |e author. 
245 1 0 |a Exchange rate assessment in a resource-dependent economy :  |b the case of Botswana /  |c prepared by Corinne Deléchat and Matthew Gaertner. 
260 |a [Washington, D.C.?] :  |b International Monetary Fund,  |c ©2008. 
300 |a 1 online resource (29 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/08/83 
504 |a Includes bibliographical references (pages 23-24). 
520 3 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
588 0 |a Print version record. 
505 0 |a I. Introduction; II. External Sector Developments and Key Vulnerabilities; A. Balance of payments; Figures; 1. Balance of Payments Trends; B. Evolution of REER indices; III. Equilibrium Exchange Rate Estimation; A. Behavioral equilibrium exchange rate approach; 2. Real Effective Exchange Rate Indices; B. Estimation results; 3. Determinants of the Real Effective Exchange Rate; 4. Equilibrium Real Exchange Rate Estimation; IV. External Sustainability Approach; Tables; 1. Assumptions; 5. External Sustainability Assessment; V. Export Performance and Nonprice Competitiveness Indicators. 
505 8 |a A. External sector outcomesB. Nonprice indicators of competitiveness; 6. Export Performance Indicators; 2. Comparative Costs of Infrastructure Services in the Late 1990s; 3. Comparativeness Rankings; VI. Summary and Conclusions; 7. Governance Indicators; References; Appendix; Appendix Tables; 1. Unit Root Tests; 2. Test for Model Reduction; 3. Cointegration Tests: Trace Test and Maximum Eigenvalue; 4. Results of Cointegration Estimation; 5. Residuals Tests; Appendix Figures; 1. Breakdownpoint Chow Tests; 2. Equilibrium REER Estimation: Cointegration Residuals. 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Foreign exchange rates  |z Botswana  |x Econometric models. 
650 0 |a Diamond industry and trade  |z Botswana  |x Econometric models. 
651 0 |a Botswana  |x Economic conditions  |x Econometric models. 
651 0 |a Botswana  |x Economic policy  |x Econometric models. 
650 6 |a Taux de change  |z Botswana  |x Modèles économétriques. 
650 6 |a Diamants  |x Industrie  |z Botswana  |x Modèles économétriques. 
651 6 |a Botswana  |x Conditions économiques  |x Modèles économétriques. 
651 6 |a Botswana  |x Politique économique  |x Modèles économétriques. 
650 7 |a Economic history  |2 fast 
650 7 |a Economic policy  |x Econometric models  |2 fast 
650 7 |a Foreign exchange rates  |x Econometric models  |2 fast 
651 7 |a Botswana  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJwMDXJ6Fk6tr4HrQd7PwC 
700 1 |a Gaertner, Matthew,  |e author. 
710 2 |a International Monetary Fund.  |b African Department. 
758 |i has work:  |a Exchange rate assessment in a resource-dependent economy (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGBwwKkBr7kPJbQrjD4MMX  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Deléchat, Corinne.  |t Exchange rate assessment in a resource-dependent economy.  |d [Washington, D.C.?] : International Monetary Fund, ©2008  |w (OCoLC)226300211 
830 0 |a IMF working paper ;  |v WP/08/83. 
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