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After Papua New Guinea's Resource Boom: Is the Kina Overvalued?

Fox, Rohan; Schroder, Marcel

Description

Papua New Guinea's (PNG) resource boom has come to an end. Theory suggests that the real exchange rate (RER) should subsequently depreciate in order to restore internal and external balance. In practice, however, the imposition of foreign exchange controls has led to a large backlog in foreign currency orders suggesting that the RER is significantly overvalued. The purpose of this paper is to inform the ongoing policy debate surrounding this issue by estimating the extent to which PNG's RER is...[Show more]

CollectionsANU Research Publications
Date published: 2018-01
Type: Journal article
URI: http://hdl.handle.net/1885/160683
Source: Asia & The Pacific Policy Studies
DOI: 10.1002/app5.205
Access Rights: Open Access

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