Tanzania's equilibrium real exchange rate /

Tanzania's equilibrium real exchange rate /

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Bibliographic Details
Author / Creator:	Hobdari, Niko, author.
Imprint:	[Washington, D.C.?] : International Monetary Fund, ©2008. ©2008
Description:	1 online resource (23 pages)
Language:	English
Series:	IMF working paper ; WP/08/138 IMF working paper ; WP/08/138.
Subject:	Foreign exchange rates -- Tanzania -- Econometric models. Equilibrium (Economics) Equilibrium (Economics) Foreign exchange rates -- Econometric models. Tanzania.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12494880

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. African Department.
ISBN:	9781451914504 1451914504
Notes:	"May 2008." Title from PDF title page (viewed September 16, 2008). At head of title: African Department. Includes bibliographical references (page 23).
Summary:	Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that took place in the second half of the 1990s. Single-country and panel data estimates, and the external sustainability approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level. Looking forward, a modest trend appreciation of the equilibrium REER is expected, consistent with continued high GDP growth and an expected recovery in terms of trade. In addition, capital inflows to Tanzania could be significantly higher than currently expected, to take advantage of Tanzania's natural resources and strong policy framework. If so, these inflows would contribute to an additional appreciation by as much as 20 percent of the equilibrium REER.

Description
Summary:	Tanzania's real effective exchange rate (REER) has depreciated sharply since end-2000, reversing the appreciation that took place in the second half of the 1990s. Single-country and panel data estimates, and the external sustainability approach, suggest that Tanzania's REER is currently modestly undervalued relative to its estimated equilibrium level. Looking forward, a modest trend appreciation of the equilibrium REER is expected, consistent with continued high GDP growth and an expected recovery in terms of trade. In addition, capital inflows to Tanzania could be significantly higher than currently expected, to take advantage of Tanzania's natural resources and strong policy framework. If so, these inflows would contribute to an additional appreciation by as much as 20 percent of the equilibrium REER.
Item Description:	"May 2008." Title from PDF title page (viewed September 16, 2008). At head of title: African Department.
Physical Description:	1 online resource (23 pages)
Bibliography:	Includes bibliographical references (page 23).
ISBN:	9781451914504 1451914504