01716cas a2200241 a 4500 AALejournalIMF003873 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451806519 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Central African Economic and Monetary Community (CEMAC) : Selected Issues. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (82 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 on the Central African Economic and Monetary Community (CEMAC) reviews the evolution of actual and equilibrium real effective exchange rates (REER). The current level of the CEMAC REER is broadly in line with its long-term equilibrium value. The estimation approach herein is subject to certain limitations, some of which are inherent to the literature that tries to estimate the equilibrium REERs. Absolute statements about magnitudes of any possible misalignments should be avoided given the degree of model uncertainty; error bands around estimated equilibrium exchange rates may, in some cases, yield inconclusive results. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/390 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/390/002.2005.issue-390-en.xml IMF e-Library