Estimating Equilibrium Exchange Rates for Armenia and Georgia.

The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current account deficits, raises the question of whether real exchange rates have become overvalued. This paper seeks to identify possible exchange rate misalignment by applying the behavioral...

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Bibliographic Details
Main Author: Ding, Shuang.
Other Authors: Al Shehabi, Omar.
Format: eBook
Published: Washington : International Monetary Fund, 2008.
Series:IMF Working Papers
Online Access:Click to View
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