Series: IMF Working Papers
Author(s): Shuang Ding , and Omar Al Shehabi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2008
Keywords: equilibrium exchange rates, exchange rate, real exchange rate, exchange rates, current account balance, terms of trade,
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 p...