Senegal: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper analyzes Senegal’s real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country’s external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal’s external competitiveness. The paper also describes Senegal’s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated.
Series:
Country Report No. 2008/221
Subject:
Energy prices Foreign exchange Imports Inflation International trade Prices Real effective exchange rates Trade liberalization
Notes:
Also available in French
English
Publication Date:
July 8, 2008
ISBN/ISSN:
9781451834093/1934-7685
Stock No:
1SENEA2008002
Pages:
51
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