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External Performance in Low-Income Countries

Alessandro Prati, Luca Ricci (), Lone Engbo Christiansen, Stephen Tokarick and Thierry Tressel ()

No 272, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: External sector; Low-income developing countries; Real effective exchange rates; exchange rate, current account, real exchange rate, foreign assets, net foreign assets (search for similar items in EconPapers)
Date: 2011-03-15
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