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An assessment of external price competitiveness for Mozambique /
This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates tha...
| Call Number: | Libro Electrónico |
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| Main Author: | |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Series: | IMF working paper ;
WP/09/165. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates that the metical is overvalued by 26 to 41 percent in real effective terms. If sustained, an overvaluation of this magnitude has the potential to retard economic growth and jeopardize external stability, calling for an adjustment of monetary policy to gradually restore external price competitiveness. |
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| Physical Description: | 1 online resource (20 pages) : color illustrations |
| Bibliography: | Includes bibliographical references (page 20). |
| ISBN: | 1451917406 9781451917406 1462300278 9781462300273 1452758131 9781452758138 1451873123 9781451873122 1282843788 9781282843783 9786612843785 6612843780 |
| ISSN: | 2227-8885 ; |