01655cas a2200241 a 4500 AALejournalIMF000536 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842159 1018-5941 BD-DhAAL BD-DhAAL Mongardini, Joannes. Estimating Egypt's Equilibrium Real Exchange Rate / Joannes Mongardini. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In light of the real appreciation of the Egyptian pound over the last six years and Egypt's lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt's equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/005 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/005/001.1998.issue-005-en.xml IMF e-Library