External Performance in Low-Income Countries
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Alessandro Prati Mr. Luca Antonio Ricci Lone Engbo Christiansen Mr. Stephen Tokarick Mr. Thierry Tressel
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781455267354
P-ISBN(Paperback): 9781616350536
Subject： F112.1 The economies of the developing countries.
Keyword： External sector,Low-income developing countries,Real effective exchange rates
Language： ENG
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Description
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.