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RER Competitiveness and the Cost of Protectionism : The case of Indonesia (English)

One of the most prominent effects of commodity booms is the appreciation of the real exchange rate (RER), which decreases the relative competitiveness of the non-booming tradable sector. The authors document that the experience of Indonesia during the first decade of 2000s is no exception with the RER (vis-a-vis the United States (U.S.) appreciating over 80 percent between 2002 and 2011. The authors show that this pattern has also been in line with...
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Citation

Cali,Massimiliano; Nedeljkovic,Milan.

RER Competitiveness and the Cost of Protectionism : The case of Indonesia (English). Indonesia's Competitiveness Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/754451540788094841

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