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Papua New Guinea: Selected Issues and Statistical Appendix

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  • International Monetary Fund

Abstract

This Selected Issues paper explores the medium-term determinants of the current account balance in Papua New Guinea. It provides an assessment of the exchange rate, and presents some background on recent exchange rate developments. It uses two dynamic panel regression models to estimate the current account and exchange rate determinants across 55 countries. The paper applies the estimation results to Papua New Guinea’s data and presents the exchange rate assessment for the kina under a baseline scenario and a terms-of-trade-shock scenario.

Suggested Citation

  • International Monetary Fund, 2009. "Papua New Guinea: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2009/113, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/113
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    References listed on IDEAS

    as
    1. Ms. Hali J Edison & Mr. Francis Vitek, 2009. "Australia and New Zealand Exchange Rates: A Quantitative Assessment," IMF Working Papers 2009/007, International Monetary Fund.
    2. repec:imf:imfops:2008/002 is not listed on IDEAS
    3. Mr. Peter Isard & Mr. Hamid Faruqee, 1998. "Exchange Rate Assessment: Extension of the Macroeconomic Balance Approach," IMF Occasional Papers 1998/012, International Monetary Fund.
    4. repec:imf:imfops:2001/006 is not listed on IDEAS
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