In Search of a Dramatic Equilibrium [electronic resource] : Was the Armenian Dram Overvalued? / Nienke Oomes.
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TextSeries: IMF Working Papers; Working Paper ; No. 09/49Publication details: Washington, D.C. : International Monetary Fund, 2009Description: 1 online resource (22 p.)ISBN: 145187197X :ISSN: 1018-5941Subject(s): Balassa-Samuelson | Competitiveness | Current Account Balance | Equilibrium Exchange Rate | Exchange Rate Misalignment | Exchange Rate | ArmeniaAdditional physical formats: Print Version:: In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued?Online resources: IMF e-Library | IMF Book Store Abstract: This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overvalued by about 20-30 percent prior to the devaluation of the dram in March 2009.
This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overvalued by about 20-30 percent prior to the devaluation of the dram in March 2009.
Description based on print version record.
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