Papua New Guinea: Selected Issues and Statistical Appendix

International Monetary Fund

No 2009/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper explores the medium-term determinants of the current account balance in Papua New Guinea. It provides an assessment of the exchange rate, and presents some background on recent exchange rate developments. It uses two dynamic panel regression models to estimate the current account and exchange rate determinants across 55 countries. The paper applies the estimation results to Papua New Guinea’s data and presents the exchange rate assessment for the kina under a baseline scenario and a terms-of-trade-shock scenario.

Keywords: ISCR; CR; exchange rate; asset; bank asset quality; banking sector assets; commodity; bank assets; superannuation fund assets; current account balance; Current account; Current account balance; Financial sector; Exchange rates; Real effective exchange rates; Global; Australia and New Zealand (search for similar items in EconPapers)
Pages: 42
Date: 2009-04-03
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