Senegal: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 221

Publication date: July 2008

ISBN: 9781451834093

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English
French

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Economics- Macroeconomics , Taxation - General , ISCR , CR , price , Senegal , revenue , revenue loss , liberalization , trade liberalization , business environment , export performance , loss estimate , EU imports , assumed price effect , price increase , food price inflation , Inflation , Real effective exchange rates , Imports , Trade liberalization , Energy prices , Global , Africa , Europe , Caribbean , Sub-Saharan Africa , West Africa

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

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.