In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued?

Was the Armenian Dram Overvalued?

In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued?
This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overvalued by about 20-30 percent prior to the READ MORE...

Publication date: March 2009
ISBN 9781451871975
$18.00

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