Exchange Rate Policy

18/09/2017 - 22/09/2017 at Dar es Salaam, Tanzania

The main objective of this one-week course is to broaden the participants’ understanding of exchange rate analysis and policy. The course introduces key definitions and concepts used in exchange rate analysis, presents methodologies to estimate the equilibrium real exchange rate and the IMF External Balance Approach to measure real exchange rate misalignment; covers several aspects related to foreign exchange intervention and ways to assess the adequacy of foreign exchange reserves, and their management; and discusses how changes in the real exchange rate may affect external adjustment and growth and other macroeconomic policy tradeoffs.