01654cas a2200241 a 4500 AALejournalIMF005221 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451834093 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Senegal : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (51 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 analyzes Senegal's real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country's external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal's external competitiveness. The paper also describes Senegal's export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/221 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/221/002.2008.issue-221-en.xml IMF e-Library