European Parliament Library

Senegal, Selected Issues, International Monetary Fund

Abstract
This Selected Issues paper analyzes Senegal’s real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country’s external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal’s external competitiveness. The paper also describes Senegal’s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated
Table Of Contents
Cover; Contents; I. Senegal-Assessment of the REER and External Competitiveness; A. Introduction; B. Senegal's Export Performance; Figures; I.1. Market Shares, 1983-2007; I.2. Export of Goods and Services, 1983-2007; I.3. Export Performance by Product, 1994-2006; C. Developments of the REER; I.4. Export by Products, 1994-2007; I.5. Consumer Price Index-Based REER; I.6. Unit Labor Cost-Based REER; D. Empirical Analysis of the Equilibrium REER; Tables; I.1. FEER Parameter Estimation Results; I.7. Actual Equilibrium REER; I.8. Exchange Rate Deviation Bounds; Boxes
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (53 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452797830

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