Exchange Rate Assessment in a Resource - Dependent Economy : The Case of Botswana.
The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective exchan...
محفوظ في:
| المؤلف الرئيسي: | |
|---|---|
| مؤلفون آخرون: | |
| التنسيق: | كتاب الكتروني |
| اللغة: | English |
| منشور في: |
Washington :
International Monetary Fund,
2008.
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| سلاسل: | IMF Working Papers
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| الموضوعات: | |
| الوصول للمادة أونلاين: | Click to View |
| الوسوم: |
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| 008 | 201217s2008 xx o ||||0 eng d | ||
| 020 | |a 9781451913989 |q (electronic bk.) | ||
| 020 | |z 9781451869446 | ||
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| 050 | 4 | |a HG3851 -- .D45 2008eb | |
| 082 | 0 | |a 332.45 | |
| 100 | 1 | |a Deléchat, Corinne. | |
| 245 | 1 | 0 | |a Exchange Rate Assessment in a Resource - Dependent Economy : |b The Case of Botswana. |
| 264 | 1 | |a Washington : |b International Monetary Fund, |c 2008. | |
| 264 | 4 | |c ©2008. | |
| 300 | |a 1 online resource (31 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 505 | 0 | |a Intro -- Contents -- I. Introduction -- II. External Sector Developments and Key Vulnerabilities -- A. Balance of payments -- B. Evolution of REER indices -- III. Equilibrium Exchange Rate Estimation -- A. Behavioral equilibrium exchange rate approach -- B. Estimation results -- IV. External Sustainability Approach -- V. Export Performance and Nonprice Competitiveness Indicators -- A. External sector outcomes -- B. Nonprice indicators of competitiveness -- VI. Summary and Conclusions -- References -- Appendix -- Tables -- 1. Assumptions -- 2. Comparative Costs of Infrastructure Services in the Late 1990s -- 3. Comparativeness Rankings -- Figures -- 1. Balance of Payments Trends -- 2. Real Effective Exchange Rate Indices -- 3. Determinants of the Real Effective Exchange Rate -- 4. Equilibrium Real Exchange Rate Estimation -- 5. External Sustainability Assessment -- 6. Export Performance Indicators -- 7. Governance Indicators -- Appendix Tables -- 1. Unit Root Tests -- 2. Test for Model Reduction -- 3. Cointegration Tests: Trace Test and Maximum Eigenvalue -- 4. Results of Cointegration Estimation -- 5. Residuals Tests -- Appendix Figures -- 1. Breakdownpoint Chow Tests -- 2. Equilibrium REER Estimation: Cointegration Residuals. | |
| 520 | |a The paper combines various methodologies to assessing the level of the exchange rate in Botswana, explicitly taking into account the implications of its dependency on diamond exports. Real exchange rate estimation indicates that, after a period of overvaluation, Botswana's real effective exchange rate is now broadly in line with economic fundamentals. The projected current account path is also consistent with external sustainability, defined to ensure sufficient savings of diamond wealth in order to maintain a stable import and consumption path through 2050. Sustaining consumption over the longer term will however require to address obstacles to non-diamond exports' competitiveness. | ||
| 588 | |a Description based on publisher supplied metadata and other sources. | ||
| 590 | |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
| 650 | 0 | |a Foreign exchange rates -- Botswana -- Econometric models.. | |
| 650 | 0 | |a Diamond industry and trade -- Botswana -- Econometric models.. | |
| 650 | 0 | |a Botswana -- Economic conditions -- Econometric models.. | |
| 650 | 0 | |a Botswana -- Economic policy -- Econometric models. | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Gaertner, Matthew. | |
| 776 | 0 | 8 | |i Print version: |a Deléchat, Corinne |t Exchange Rate Assessment in a Resource - Dependent Economy : The Case of Botswana |d Washington : International Monetary Fund,c2008 |z 9781451869446 |
| 797 | 2 | |a ProQuest (Firm) | |
| 830 | 0 | |a IMF Working Papers | |
| 856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/suleyman-ebooks/detail.action?docID=1607816 |z Click to View |