01756cas a2200253 a 4500 AALejournalIMF002278 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451841800 1018-5941 BD-DhAAL BD-DhAAL Khan, Mohsin. Response of the Equilibrium Real Exchange Rate to Real Disturbances in Developing Countries / Mohsin Khan, Jonathan Ostry. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (18 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 Using a simple dependent - economy framework, this paper outlines the links between the equilibrium real exchange rate and some of its fundamental exogenous determinants, mainly terms of trade movements and commercial policy changes. Drawing on existing studies of trade flows in developing countries, it is possible to derive plausible quantitative ranges for the response of the equilibrium real exchange rate to both external and policy-induced shocks. The results should be particularly relevant in designing real exchange rate targets and rules that allow for movements in the equilibrium real exchange rate in response to various shocks. Mode of access: Internet Ostry, Jonathan. IMF Working Papers; Working Paper ; No. 1991/003 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/003/001.1991.issue-003-en.xml IMF e-Library