01760cas a2200253 a 4500 AALejournalIMF007009 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455211951 1018-5941 BD-DhAAL BD-DhAAL Weber, Anke. Armenia : An Assessment of the Real Exchange Rate and Competitiveness / Anke Weber, Chunfang Yang. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (39 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 uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel consisting of transition economies in Europe and Central Asia. This addresses cross section dependence by using common correlated effects estimators. While our analysis focuses on Armenia, the methods are applicable to a large number of transition economies, and the paper thus provides an overview of methods that can be used to assess a country's equilibrium exchange rate. Mode of access: Internet Yang, Chunfang. IMF Working Papers; Working Paper ; No. 2011/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/020/001.2011.issue-020-en.xml IMF e-Library