Home / External Performance in Low-Income Countries

External Performance in Low-Income Countries By Alessandro Prati

External Performance in Low-Income Countries

By Alessandro Prati

  • Release Date: 2011-03-15
  • Genre: Business & Personal Finance
  • $16.99

Description

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.