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Book Cover
Author Chobanov, Dimitar, author

Title Competitiveness in Bulgaria : an assessment of the real effective exchange rate / prepared by Dimitar Chobanov, Piritta Sorsa
Published [Washington, D.C.] : International Monetary Fund, [2004]
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Description 1 online resource (24 pages) : illustrations
Series IMF working paper ; WP/04/37
IMF working paper ; WP/04/37
Summary This paper presents an empirical analysis of the medium- and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate that the RER is driven by fundamentals, including labor productivity, terms of trade, world real interest rates, gross savings, and foreign direct investment. The model also shows that there is no significant misalignment of the Bulgarian lev
Bibliography Includes bibliographical references (pages 22-24)
Notes 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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Competition -- Bulgaria.
Foreign exchange rates -- Bulgaria.
Form Electronic book
Author Sorsa, Piritta, 1955- author
International Monetary Fund. European Department, issuing body
ISBN 1281602213