Hidden Bibliographic Details
| Other authors / contributors: | Sorsa, Piritta, 1955- author.
International Monetary Fund. European Department, issuing body.
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| ISBN: | 1451893043
9781451893045
1281602213
9781281602213
9781451845600
145184560X
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| Notes: | Includes bibliographical references (pages 22-24).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper presents an empirical analysis of the medium- and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate that the RER is driven by fundamentals, including labor productivity, terms of trade, world real interest rates, gross savings, and foreign direct investment. The model also shows that there is no significant misalignment of the Bulgarian lev.
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| Other form: | Print version: Chobanov, Dimitar. Competitiveness in Bulgaria. [Washington, D.C.] : International Monetary Fund, ©2004
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| Standard no.: | 10.5089/9781451893045.001
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