External Perfomance in Low-Income Countries

External Perfomance in Low-Income Countries

Stephen Tokarick, Theirry Tressel, Alessandro Prati, Luca Antonio Rici, Lone Engbo Christiansen
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Author:  Stephen Tokarick, Theirry Tressel, Alessandro Prati, Luca Antonio Rici, Lone Engbo Christiansen
Condition:  New
Format:  Paperback
Pages:  71
Publisher:  International Monetary Fund (IMF)
Year:  2011
ISBN:  9781616350536

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.

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