Papua New Guinea: Selected Issues and Statistical Appendix
April 3, 2009
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This Selected Issues paper explores the medium-term determinants of the current account balance in Papua New Guinea. It provides an assessment of the exchange rate, and presents some background on recent exchange rate developments. It uses two dynamic panel regression models to estimate the current account and exchange rate determinants across 55 countries. The paper applies the estimation results to Papua New Guinea’s data and presents the exchange rate assessment for the kina under a baseline scenario and a terms-of-trade-shock scenario.
Subject: Balance of payments, Banking, Current account, Current account balance, Economic sectors, Exchange rates, Financial sector, Foreign exchange, Real effective exchange rates
Keywords: asset, Australia and New Zealand, bank asset quality, bank assets, banking sector assets, commodity, CR, Current account, current account balance, Current account balance, exchange rate, Exchange rates, Financial sector, Global, ISCR, Real effective exchange rates, superannuation fund assets
Pages:
42
Volume:
2009
DOI:
Issue:
113
Series:
Country Report No. 2009/113
Stock No:
1PNGEA2009002
ISBN:
9781451831771
ISSN:
1934-7685
