External Performance in Low-Income Countries

Author/Editor: Prati, Alessandro ; Ricci, Luca Antonio ; Christiansen, Lone Engbo ; Tokarick, Stephen ; Tressel, Thierry
Publication Date: March 15, 2011
Electronic Access: Link to Abstract

Summary: 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.
Series: Occasional Paper No. 272
Subject(s): Current account | External sector | Low-income developing countries | Real effective exchange rates

Publication Date: March 15, 2011
ISBN/ISSN: 978-1-61635-053-6 Format: Paper
Stock No: S272EA
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