01637cas a2200241 a 4500 AALejournalIMF005969 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873122 1018-5941 BD-DhAAL BD-DhAAL Vitek, Francis. An Assessment of External Price Competitiveness for Mozambique / Francis Vitek. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (20 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 conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading partners. Consistent with these indicators, an exchange rate assessment indicates that the metical is overvalued by 26 to 41 percent in real effective terms. If sustained, an overvaluation of this magnitude has the potential to retard economic growth and jeopardize external stability, calling for an adjustment of monetary policy to gradually restore external price competitiveness. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/165 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/165/001.2009.issue-165-en.xml IMF e-Library