Analysis of the impact of relative prices on the non-oil trade account in Indonesia, with special emphasis on the effectiveness of the exchange rate adjustment of November 1978. To isolate the impact of the exchange rate on the non-oil account, import-demand and export-supply equations are...

This chapter reports on Coordinating Group on Exchange Rate Issues' (CGER) works and provides perspectives on alternative frameworks for assessing exchange rates and the rationale for CGER's general approach. The primary motivation for the work of the CGER is to identify cases where exchange...