Imam, Patrick; Minoiu, Camelia - In: Emerging Markets Finance and Trade 47 (2011) 6, pp. 134-147
In this paper we assess the equilibrium value of the Mauritian rupee in 2006-7 and over the medium run using two structural models. First, we derive a current account-based measure of the exchange rate equilibrium using the macroeconomic balance approach. Second, we estimate a reduced-form...