01661cas a2200241 a 4500 AALejournalIMF000738 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451809794 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Cyprus : Selected Issues. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (92 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 Selected Issues paper examines the adequacy of Cyprus' economic competitiveness. The paper looks at the recent behavior of conventional indicators of competitiveness, estimates Cyprus' equilibrium real exchange rate, and provides an econometric analysis of the main determinants of service exports. The overall conclusion is that the country's current level of the real effective exchange rate is in line with savings-investment fundamentals, but that the recent unfavorable trends in public savings and relative unit labor costs should be reversed to avoid problems in the medium term. The paper also analyzes the financial reform in Cyprus. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/098 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/098/002.1998.issue-098-en.xml IMF e-Library