01781cas a2200241 a 4500 AALejournalIMF008854 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861549 1018-5941 BD-DhAAL BD-DhAAL Koranchelian, Taline. The Equilibrium Real Exchange Rate in a Commodity Exporting Country : Algeria's Experience / Taline Koranchelian. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (18 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 Drawing on the existing literature, I estimate a long-run equilibrium real exchange rate path for Algeria. I find that the Balassa-Samuelson effect together with real oil prices explain the long-run evolution of the equilibrium real exchange rate in Algeria. The half-life of the deviation of the real exchange rate from the estimated equilibrium level is about nine months, similar to that in other commodity-exporting countries. The general conclusions are that: (i) there is a time-varying long-run equilibrium exchange rate in Algeria as in other commodity-exporting countries; and (ii) the real effective exchange rate of the Algerian dinar at end-2003 was broadly in line with this equilibrium. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/135 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/135/001.2005.issue-135-en.xml IMF e-Library