Title Assessing competitiveness and real exchange rate misalignment in low-income countries / prepared by Gabriel Di Bella, Mark Lewis and Aurélie Martin

Published [Washington, D.C.?] : International Monetary Fund, ©2007

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Description 1 online resource (46 pages) : illustrations Series IMF working paper ; WP/07/201 IMF working paper ; WP/07/201. Contents I. Introduction -- II. Definitions -- III. Analysis of competitiveness and real exchange rate misalignment in LICs -- IV. A suggested framework for analyzing competitiveness in LICs -- Appendix I. Equilibrium exchange rates and PPP -- Appendix II. Measures of the internal terms of trade -- Appendix III. Review of empirical work -- Appendix IV. Template results for Angola, Cambodia, Honduras, Mali, and Uganda Summary Assessing a country's competitiveness routinely starts with an analysis of the real exchange rate. However, in low-income countries, empirical analysis of the real exchange rate is often subject to important limitations that seriously weaken the results. This paper summarizes the methodologies used to assess real exchange rate misalignments and discusses the range of obstacles common to low-income countries. Recognizing the importance of using a wide range of indicators for assessing competitiveness in low-income countries, the paper discusses alternative competitive measures and then proposes a template of indicators to allow for a systematic assessment of competitiveness in low-income countries. The template is then used to rank countries according to their competitiveness performance in 2006 Bibliography Includes bibliographical references (pages 26-28) 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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Foreign exchange rates -- Developing countries -- Econometric models Competition -- Developing countries -- Econometric models Competition -- Econometric models Economic history Foreign exchange rates -- Econometric models SUBJECT Developing countries -- Economic conditions -- Econometric models Subject Developing countries Form Electronic book Author Lewis, Mark (Mark White), author. Martin, Aurélie, author. International Monetary Fund. Policy Development and Review Department.

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