01736cas a2200253 a 4500 AALejournalIMF002416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844184 1018-5941 BD-DhAAL BD-DhAAL Lipschitz, Leslie. Real Exchange Rates and Competitiveness : A Clarification of Concepts, and Some Measurements for Europe / Leslie Lipschitz, Donogh McDonald. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (48 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 This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some alternative measures are proposed and their use is illustrated using data from Europe. Given the usefulness of standardized indicators, four simple charts are proposed; these help solve some conundrums in the European data and provide the basis for a richer set of inferences about competitiveness. Mode of access: Internet McDonald, Donogh. IMF Working Papers; Working Paper ; No. 1991/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/025/001.1991.issue-025-en.xml IMF e-Library