In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued? /
This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overva...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2009
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| Edition: | 1st ed |
| Series: | IMF Working Papers; Working Paper ;
No. 2009/049 |
| Subjects: |