El Salvador: Recent Economic Developments
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. 1998/032
Subject:
Balance of payments Exchange rates Foreign exchange Outward remittances Production Real effective exchange rates Remittances Total factor productivity
English
Publication Date:
May 29, 1998
ISBN/ISSN:
9781451834703/1934-7685
Stock No:
1SLVEA0011998
Pages:
108
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