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150128 ||| eng |
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|a 9781451871975
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100 |
1 |
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|a Oomes, Nienke
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245 |
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|a In Search of a Dramatic Equilibrium
|b Was the Armenian Dram Overvalued?
|c Nienke Oomes, Vahram Stepanyan, Gohar Minasyan, Ara Stepanyan
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2009
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300 |
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|a 22 pages
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651 |
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4 |
|a Armenia, Republic of
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653 |
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|a Inflation
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653 |
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|a Productivity
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653 |
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|a Deflation
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653 |
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|a Purchasing power parity
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653 |
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|a Real effective exchange rates
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653 |
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|a Production
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653 |
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|a Industrial productivity
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653 |
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|a Currency
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653 |
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|a Macroeconomics: Production
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a Macroeconomics
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653 |
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|a Real exchange rates
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653 |
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|a Exchange rates
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653 |
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|a Foreign exchange
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653 |
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|a Production and Operations Management
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700 |
1 |
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|a Minasyan, Gohar
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700 |
1 |
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|a Stepanyan, Ara
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700 |
1 |
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|a Stepanyan, Vahram
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451871975.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2009/049/001.2009.issue-049-en.xml?cid=22783-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was overvalued by about 20–30 percent prior to the devaluation of the dram in March 2009
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