El Salvador : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

May 29, 1998

Electronic Access:

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Summary:

This paper analyzes economic developments in El Salvador during 1990–97. The paper assesses the prospects of the Salvadoran economy in facing the new challenges coming from its reinsertion into the global economy. The paper describes the evolution of trade competitiveness and evaluates the divergence from equilibrium of the real effective exchange rate. It concludes that the exchange rate behavior in the last decade appears to have followed roughly the path predicted by a long-term equilibrium exchange rate model consistent with a current account deficit of about 2 percent of GDP.

Series:

Country Report No. 98/32

Subject:

English

Publication Date:

May 29, 1998

ISBN/ISSN:

9781451834703/1934-7685

Stock No:

1SLVEA0011998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

108

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