01620cas a2200241 a 4500 AALejournalIMF000621 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451834703 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. El Salvador : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (108 pages) IMF Staff Country Reports <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 This paper analyzes economic developments in El Salvador during 1990-97. The paper assesses the prospects of the Salvadoran economy in facing the new challenges coming from its reinsertion into the global economy. The paper describes the evolution of trade competitiveness and evaluates the divergence from equilibrium of the real effective exchange rate. It concludes that the exchange rate behavior in the last decade appears to have followed roughly the path predicted by a long-term equilibrium exchange rate model consistent with a current account deficit of about 2 percent of GDP. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/032 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/032/002.1998.issue-032-en.xml IMF e-Library