Estimating Equilibrium Exchange Rates for Armenia and Georgia

Estimating Equilibrium Exchange Rates for Armenia and Georgia
The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current account deficits, raises the question of whether real exchange rates have become overvalued. This paper seeks to identify possible exchange rate misalignment by applying the behavioral equilibrium exchange rate approach, complemented READ MORE...

Publication date: April 2008
ISBN 9781451869705
$18.00

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