Hidden Bibliographic Details
| Other authors / contributors: | Fanizza, Domenico.
International Monetary Fund. Middle Eastern Department.
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| ISBN: | 1451905033
9781451905038
1462370039
9781462370030
1452798613
9781452798615
1282109820
9781282109827
9786613802712
6613802719
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| Notes: | Includes bibliographical references (pages 26-27).
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
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy, and the desire to relax capital controls. This paper explores how Tunisia avoided the pitfalls of real exchange rate targeting as predicted by the theoretical models. By estimating the equilibrium real exchange rate based on fundamental variables and assessing different measures of competitiveness, the paper finds no evidence of a misalignment in the current level of the exchange rate.
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| Other form: | Print version: Tunisia's experience with real exchange rate targeting and the transition to a flexible exchange rate regime. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451905038.001
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