External Performance in Low-Income Countries

By Alessandro Prati, Luca A Ricci, Lone Engbo Christiansen, Stephen Tokarick, Thierry Tressel

March 15, 2011

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Format: Chicago

Alessandro Prati, Luca A Ricci, Lone Engbo Christiansen, Stephen Tokarick, and Thierry Tressel. External Performance in Low-Income Countries, (USA: International Monetary Fund, 2011) accessed December 3, 2024

Summary

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.

Subject: Current account, Exports, Foreign assets, Real exchange rates, Trade balance

Keywords: Liberalization, OP

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Occasional Papers
Stock No:

S272EA
ISBN:

9781616350536
ISSN:

0251-6365

Supplemental Resources

Link to Abstract
pdf

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