SlideShare una empresa de Scribd logo

In Search of a Dramatic Equilibrium: Was the Armenia n Dram Overvalued?

•Descargar como PPT, PDF•
•
C
CRRC-Armenia

EmpresarialesViajes
1 de 30
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued? Nienke Oomes IMF Resident Representative in Armenia www.imf.org/yerevan with Gohar Minasyan & Ara Stepanyan
Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4. New IMF Program for Armenia ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Main measures under the government’s IMF program ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2. Why was dram devaluation necessary? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Real and nominal exchange rate
2. Why was dram devaluation necessary? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3. Equilibrium Exchange Rate Estimates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3 (a) Equilibrium real exchange rate : PPP approach ,[object Object],[object Object],[object Object],[object Object],[object Object]
Armenian prices are about 2/3 of U.S. prices
As productivity grows, actual XRs approach PPP XRs (real appreciation)
PPP approach: actual exchange rate appreciated faster than equilibrium exchange rate
PPP approach: 30% overvaluation in 2008
Drawbacks of PPP approach ,[object Object],[object Object],[object Object],[object Object]
3 (b) BEER Approach ,[object Object],[object Object],[object Object],[object Object]
BEER determinants ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Estimated cointegrating vector
BEER results: Equilibrium REER depreciated in 2008Q4, while actual REER appreciated…
...implying about 20 percent overvaluation at the end of 2008
Drawbacks of BEER assessments ,[object Object],[object Object],[object Object],[object Object],[object Object]
Nevertheless, the CBA’s BEER approach yields similar results
3 (c) External Sustainability (ES) Approach ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ES approach: theory ,[object Object],[object Object],[object Object]
Baseline scenario ,[object Object],[object Object],[object Object]
Required Exchange Rate Adjustment ,[object Object],[object Object]
ES Approach: estimated overvaluation
Drawbacks of ES Approach ,[object Object],[object Object],[object Object]
4. Conclusions ,[object Object],[object Object]
Summary of results
But devaluation is not sufficient ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recomendados

2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]
2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]
2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]P.S.A. Tonkes
 
International Investment 2
International Investment 2International Investment 2
International Investment 2Charlie Cai
 
Klöckner & Co - German Corporate Forum 2011
Klöckner & Co - German Corporate Forum 2011Klöckner & Co - German Corporate Forum 2011
Klöckner & Co - German Corporate Forum 2011Klöckner & Co SE
 
Oil price fluctuations and international trade
Oil price fluctuations and international tradeOil price fluctuations and international trade
Oil price fluctuations and international tradeStockholm Institute of Transition Economics
 
Current account imbalances in the euro area
Current account imbalances in the euro areaCurrent account imbalances in the euro area
Current account imbalances in the euro areaGiuseppe Caivano
 
Klöckner & Co - UBS Best of Germany Conference 2011
Klöckner & Co - UBS Best of Germany Conference 2011Klöckner & Co - UBS Best of Germany Conference 2011
Klöckner & Co - UBS Best of Germany Conference 2011Klöckner & Co SE
 
The choice of the exchange policies in the primary commodity exporting countr...
The choice of the exchange policies in the primary commodity exporting countr...The choice of the exchange policies in the primary commodity exporting countr...
The choice of the exchange policies in the primary commodity exporting countr...Alexander Decker
 
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for Turkey
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for TurkeyEstimation of the Marshall-Lerner Condition and J Curve Dynamics for Turkey
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for TurkeyInternational Journal of Economics and Financial Research
 

Recomendados

2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]
2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]
2010 01 19 Pw C Vietnamese Ma 2009 Activity Report En[1]P.S.A. Tonkes
 
International Investment 2
International Investment 2International Investment 2
International Investment 2Charlie Cai
 
Klöckner & Co - German Corporate Forum 2011
Klöckner & Co - German Corporate Forum 2011Klöckner & Co - German Corporate Forum 2011
Klöckner & Co - German Corporate Forum 2011Klöckner & Co SE
 
Oil price fluctuations and international trade
Oil price fluctuations and international tradeOil price fluctuations and international trade
Oil price fluctuations and international tradeStockholm Institute of Transition Economics
 
Current account imbalances in the euro area
Current account imbalances in the euro areaCurrent account imbalances in the euro area
Current account imbalances in the euro areaGiuseppe Caivano
 
Klöckner & Co - UBS Best of Germany Conference 2011
Klöckner & Co - UBS Best of Germany Conference 2011Klöckner & Co - UBS Best of Germany Conference 2011
Klöckner & Co - UBS Best of Germany Conference 2011Klöckner & Co SE
 
The choice of the exchange policies in the primary commodity exporting countr...
The choice of the exchange policies in the primary commodity exporting countr...The choice of the exchange policies in the primary commodity exporting countr...
The choice of the exchange policies in the primary commodity exporting countr...Alexander Decker
 
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for Turkey
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for TurkeyEstimation of the Marshall-Lerner Condition and J Curve Dynamics for Turkey
Estimation of the Marshall-Lerner Condition and J Curve Dynamics for TurkeyInternational Journal of Economics and Financial Research
 
European Bank stress Result- A Face Saver
European Bank stress Result- A Face SaverEuropean Bank stress Result- A Face Saver
European Bank stress Result- A Face Saveratul baride
 
TESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALLTESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALLBernabas Fekadu
 
Monetary Policy
Monetary PolicyMonetary Policy
Monetary Policymattbentley34
 
An economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladeshAn economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladeshMahmudur Rahman
 
Master kenmare
Master kenmareMaster kenmare
Master kenmareExSite
 
Euro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effectsEuro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effectsEesti Pank
 
Premium Exchange Rate and Output Growth in African Oil Producing Countries
Premium Exchange Rate and Output Growth in African Oil Producing CountriesPremium Exchange Rate and Output Growth in African Oil Producing Countries
Premium Exchange Rate and Output Growth in African Oil Producing CountriesInternational Journal of Business Marketing and Management (IJBMM)
 
Monetary Policy Feb 11
Monetary Policy Feb 11Monetary Policy Feb 11
Monetary Policy Feb 11mattbentley34
 
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...Latvijas Banka
 
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
 
The EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco ButiThe EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco ButiADEMU_Project
 
Discussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and DeterminantsDiscussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and DeterminantsLatvijas Banka
 
Determining Fiscal Breakeven
Determining Fiscal BreakevenDetermining Fiscal Breakeven
Determining Fiscal BreakevenSudhakaran Jampala
 
Extract 3 imf praise for Latvia
Extract 3 imf praise for LatviaExtract 3 imf praise for Latvia
Extract 3 imf praise for Latviatutor2u
 
Klöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 ResultsKlöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 ResultsKlöckner & Co SE
 
Speech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference LatviaSpeech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference LatviaLatvijas Banka
 
Chapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange MarketChapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange MarketRusman Mukhlis
 
Financial Markets Review (June 2014)
Financial Markets Review (June 2014)Financial Markets Review (June 2014)
Financial Markets Review (June 2014)Snam
 
Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011BANCO SANTANDER
 
CRRC Data Initiative 2009
CRRC Data Initiative 2009CRRC Data Initiative 2009
CRRC Data Initiative 2009CRRC-Armenia
 
Towards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In ArmeniaTowards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In ArmeniaCRRC-Armenia
 
Office 2010 for IT Pros
Office 2010 for IT ProsOffice 2010 for IT Pros
Office 2010 for IT ProsStephen Rose
 

Más contenido relacionado

La actualidad más candente

European Bank stress Result- A Face Saver
European Bank stress Result- A Face SaverEuropean Bank stress Result- A Face Saver
European Bank stress Result- A Face Saveratul baride
 
TESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALLTESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALLBernabas Fekadu
 
An economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladeshAn economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladeshMahmudur Rahman
 
Master kenmare
Master kenmareMaster kenmare
Master kenmareExSite
 
Euro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effectsEuro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effectsEesti Pank
 
Monetary Policy Feb 11
Monetary Policy Feb 11Monetary Policy Feb 11
Monetary Policy Feb 11mattbentley34
 
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...Latvijas Banka
 
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
 
The EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco ButiThe EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco ButiADEMU_Project
 
Discussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and DeterminantsDiscussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and DeterminantsLatvijas Banka
 
Extract 3 imf praise for Latvia
Extract 3 imf praise for LatviaExtract 3 imf praise for Latvia
Extract 3 imf praise for Latviatutor2u
 
Klöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 ResultsKlöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 ResultsKlöckner & Co SE
 
Speech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference LatviaSpeech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference LatviaLatvijas Banka
 
Chapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange MarketChapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange MarketRusman Mukhlis
 
Financial Markets Review (June 2014)
Financial Markets Review (June 2014)Financial Markets Review (June 2014)
Financial Markets Review (June 2014)Snam
 
Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011BANCO SANTANDER
 

La actualidad más candente (19)

European Bank stress Result- A Face Saver
European Bank stress Result- A Face SaverEuropean Bank stress Result- A Face Saver
European Bank stress Result- A Face Saver
 
TESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALLTESTING the VALIDITY OF MARSHALL
TESTING the VALIDITY OF MARSHALL
 
Monetary Policy
Monetary PolicyMonetary Policy
Monetary Policy
 
An economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladeshAn economic analysis on exchange rate and economic growth in bangladesh
An economic analysis on exchange rate and economic growth in bangladesh
 
Master kenmare
Master kenmareMaster kenmare
Master kenmare
 
Euro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effectsEuro area monetary policy: effects and side effects
Euro area monetary policy: effects and side effects
 
Premium Exchange Rate and Output Growth in African Oil Producing Countries
Premium Exchange Rate and Output Growth in African Oil Producing CountriesPremium Exchange Rate and Output Growth in African Oil Producing Countries
Premium Exchange Rate and Output Growth in African Oil Producing Countries
 
Monetary Policy Feb 11
Monetary Policy Feb 11Monetary Policy Feb 11
Monetary Policy Feb 11
 
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
Discussion of “Anatomy of sovereign distress: The role of financial sector fr...
 
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...
 
The EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco ButiThe EAFS and the policy mix - Marco Buti
The EAFS and the policy mix - Marco Buti
 
Discussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and DeterminantsDiscussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
Discussion: Fiscal Spillovers in Europe - Size, Sign and Determinants
 
Determining Fiscal Breakeven
Determining Fiscal BreakevenDetermining Fiscal Breakeven
Determining Fiscal Breakeven
 
Extract 3 imf praise for Latvia
Extract 3 imf praise for LatviaExtract 3 imf praise for Latvia
Extract 3 imf praise for Latvia
 
Klöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 ResultsKlöckner & Co - Q2 2009 Results
Klöckner & Co - Q2 2009 Results
 
Speech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference LatviaSpeech by Olli Rehn at the Euro Conference Latvia
Speech by Olli Rehn at the Euro Conference Latvia
 
Chapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange MarketChapter 13_The Foreign Exchange Market
Chapter 13_The Foreign Exchange Market
 
Financial Markets Review (June 2014)
Financial Markets Review (June 2014)Financial Markets Review (June 2014)
Financial Markets Review (June 2014)
 
Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011Santander Bank Annual Report 2011 Economic and financial review 2011
Santander Bank Annual Report 2011 Economic and financial review 2011
 

Destacado

CRRC Data Initiative 2009
CRRC Data Initiative 2009CRRC Data Initiative 2009
CRRC Data Initiative 2009CRRC-Armenia
 
Towards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In ArmeniaTowards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In ArmeniaCRRC-Armenia
 
Office 2010 for IT Pros
Office 2010 for IT ProsOffice 2010 for IT Pros
Office 2010 for IT ProsStephen Rose
 
Alphabet soup deployment
Alphabet soup deploymentAlphabet soup deployment
Alphabet soup deploymentStephen Rose
 
School-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionSchool-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionCRRC-Armenia
 
Զբաղվածության թեմայի լուսաբանումը
Զբաղվածության թեմայի լուսաբանումըԶբաղվածության թեմայի լուսաբանումը
Զբաղվածության թեմայի լուսաբանումըCRRC-Armenia
 
Everything You Ever Wanted To Know About Application Compatibility
Everything You Ever Wanted To Know About Application CompatibilityEverything You Ever Wanted To Know About Application Compatibility
Everything You Ever Wanted To Know About Application CompatibilityStephen Rose
 
Սոցիալական հարցերի լուսաբանման աղբյուրները
Սոցիալական հարցերի լուսաբանման աղբյուրներըՍոցիալական հարցերի լուսաբանման աղբյուրները
Սոցիալական հարցերի լուսաբանման աղբյուրներըCRRC-Armenia
 
IT Pros and The Cloud
IT Pros and The CloudIT Pros and The Cloud
IT Pros and The CloudStephen Rose
 
Office 2010 For IT Pros
Office 2010 For IT ProsOffice 2010 For IT Pros
Office 2010 For IT ProsStephen Rose
 
Approach To and Findings From Farming Practices Survey
Approach To and Findings From Farming Practices SurveyApproach To and Findings From Farming Practices Survey
Approach To and Findings From Farming Practices SurveyCRRC-Armenia
 
Planning customizing office 2010 for your environment online
Planning customizing office 2010 for your environment onlinePlanning customizing office 2010 for your environment online
Planning customizing office 2010 for your environment onlineStephen Rose
 
Accessing And Using Jstor
Accessing And Using JstorAccessing And Using Jstor
Accessing And Using JstorCRRC-Armenia
 
MedV/AppV Overview
MedV/AppV OverviewMedV/AppV Overview
MedV/AppV OverviewStephen Rose
 
IMF Regional Economic Outlook for the Caucasus and Central Asia
IMF Regional Economic Outlook for the Caucasus and Central AsiaIMF Regional Economic Outlook for the Caucasus and Central Asia
IMF Regional Economic Outlook for the Caucasus and Central AsiaCRRC-Armenia
 
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...CRRC-Armenia
 
Western Writing And Publishing Workshop
Western Writing And Publishing WorkshopWestern Writing And Publishing Workshop
Western Writing And Publishing WorkshopCRRC-Armenia
 
XP to Windows 7 with MDT
XP to Windows 7 with MDTXP to Windows 7 with MDT
XP to Windows 7 with MDTStephen Rose
 
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...The Number and Reintegration of Armenian Migrants Returned to Homeland from t...
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...CRRC-Armenia
 

Destacado (20)

CRRC Data Initiative 2009
CRRC Data Initiative 2009CRRC Data Initiative 2009
CRRC Data Initiative 2009
 
Towards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In ArmeniaTowards The Result Based Utility Sector In Armenia
Towards The Result Based Utility Sector In Armenia
 
Office 2010 for IT Pros
Office 2010 for IT ProsOffice 2010 for IT Pros
Office 2010 for IT Pros
 
Alphabet soup deployment
Alphabet soup deploymentAlphabet soup deployment
Alphabet soup deployment
 
School-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionSchool-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist Transition
 
Զբաղվածության թեմայի լուսաբանումը
Զբաղվածության թեմայի լուսաբանումըԶբաղվածության թեմայի լուսաբանումը
Զբաղվածության թեմայի լուսաբանումը
 
Everything You Ever Wanted To Know About Application Compatibility
Everything You Ever Wanted To Know About Application CompatibilityEverything You Ever Wanted To Know About Application Compatibility
Everything You Ever Wanted To Know About Application Compatibility
 
Սոցիալական հարցերի լուսաբանման աղբյուրները
Սոցիալական հարցերի լուսաբանման աղբյուրներըՍոցիալական հարցերի լուսաբանման աղբյուրները
Սոցիալական հարցերի լուսաբանման աղբյուրները
 
IT Pros and The Cloud
IT Pros and The CloudIT Pros and The Cloud
IT Pros and The Cloud
 
Office 2010 For IT Pros
Office 2010 For IT ProsOffice 2010 For IT Pros
Office 2010 For IT Pros
 
Approach To and Findings From Farming Practices Survey
Approach To and Findings From Farming Practices SurveyApproach To and Findings From Farming Practices Survey
Approach To and Findings From Farming Practices Survey
 
ILCS Raking
ILCS Raking ILCS Raking
ILCS Raking
 
Planning customizing office 2010 for your environment online
Planning customizing office 2010 for your environment onlinePlanning customizing office 2010 for your environment online
Planning customizing office 2010 for your environment online
 
Accessing And Using Jstor
Accessing And Using JstorAccessing And Using Jstor
Accessing And Using Jstor
 
MedV/AppV Overview
MedV/AppV OverviewMedV/AppV Overview
MedV/AppV Overview
 
IMF Regional Economic Outlook for the Caucasus and Central Asia
IMF Regional Economic Outlook for the Caucasus and Central AsiaIMF Regional Economic Outlook for the Caucasus and Central Asia
IMF Regional Economic Outlook for the Caucasus and Central Asia
 
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...
Economy, Trade and Ethnicity in Borderlands: Ethnographic Survey in Tavush Re...
 
Western Writing And Publishing Workshop
Western Writing And Publishing WorkshopWestern Writing And Publishing Workshop
Western Writing And Publishing Workshop
 
XP to Windows 7 with MDT
XP to Windows 7 with MDTXP to Windows 7 with MDT
XP to Windows 7 with MDT
 
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...The Number and Reintegration of Armenian Migrants Returned to Homeland from t...
The Number and Reintegration of Armenian Migrants Returned to Homeland from t...
 

Similar a In Search of a Dramatic Equilibrium: Was the Armenia n Dram Overvalued?

An overview of the indian economy
An overview of the indian economyAn overview of the indian economy
An overview of the indian economyShavetakohli
 
Domestically Issued Public Debt As A Sustainable Alternative
Domestically Issued Public Debt As A Sustainable AlternativeDomestically Issued Public Debt As A Sustainable Alternative
Domestically Issued Public Debt As A Sustainable AlternativeCRRC-Armenia
 
Economic environment, fundamentals and challenges
Economic environment, fundamentals and challengesEconomic environment, fundamentals and challenges
Economic environment, fundamentals and challengesNikola Mitic
 
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...Forum Velden
 
The Baltic Outlook: Update, July 2009
The Baltic Outlook: Update, July 2009The Baltic Outlook: Update, July 2009
The Baltic Outlook: Update, July 2009Swedbank
 
Ukraine Monthly Economic Review, December 2016
Ukraine Monthly Economic Review, December 2016Ukraine Monthly Economic Review, December 2016
Ukraine Monthly Economic Review, December 2016DIXI Group
 
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011Prof Handley Mpoki Mafwenga
 
The impact of some economic factors on imports in jordan
The impact of some economic factors on imports in jordanThe impact of some economic factors on imports in jordan
The impact of some economic factors on imports in jordanAlexander Decker
 
Swedbank Analysis: Competitiveness adjustment in Latvia
Swedbank Analysis: Competitiveness adjustment in LatviaSwedbank Analysis: Competitiveness adjustment in Latvia
Swedbank Analysis: Competitiveness adjustment in LatviaSwedbank
 
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...Melvyn Mangion
 
Current Account Imbalances: the Cost of a General Adjustment
Current Account Imbalances: the Cost of a General AdjustmentCurrent Account Imbalances: the Cost of a General Adjustment
Current Account Imbalances: the Cost of a General AdjustmentGiuseppe Caivano
 
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the Balkans
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the BalkansCost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the Balkans
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the BalkansAntonis Ventouris
 
Mariarosaria Comunale. Current Account and REER misalignments in Central East...
Mariarosaria Comunale. Current Account and REER misalignments in Central East...Mariarosaria Comunale. Current Account and REER misalignments in Central East...
Mariarosaria Comunale. Current Account and REER misalignments in Central East...Eesti Pank
 
Macroeconomics Performance of Bangladesh since Independence
Macroeconomics Performance of Bangladesh since IndependenceMacroeconomics Performance of Bangladesh since Independence
Macroeconomics Performance of Bangladesh since IndependenceIsrat Jahan
 
Business Cycle Update - 15 May 2018
Business Cycle Update - 15 May 2018Business Cycle Update - 15 May 2018
Business Cycle Update - 15 May 2018OTP Bank Ltd.
 
An empirical analysis of balance of payment in ghana using the monetary approach
An empirical analysis of balance of payment in ghana using the monetary approachAn empirical analysis of balance of payment in ghana using the monetary approach
An empirical analysis of balance of payment in ghana using the monetary approachAlexander Decker
 

Similar a In Search of a Dramatic Equilibrium: Was the Armenia n Dram Overvalued? (20)

An overview of the indian economy
An overview of the indian economyAn overview of the indian economy
An overview of the indian economy
 
Greek economy 2018
Greek economy 2018Greek economy 2018
Greek economy 2018
 
Domestically Issued Public Debt As A Sustainable Alternative
Domestically Issued Public Debt As A Sustainable AlternativeDomestically Issued Public Debt As A Sustainable Alternative
Domestically Issued Public Debt As A Sustainable Alternative
 
Economic environment, fundamentals and challenges
Economic environment, fundamentals and challengesEconomic environment, fundamentals and challenges
Economic environment, fundamentals and challenges
 
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...
2007. Vladimir Cupic. Banking and Leasing in Serbia. CEE-Wirtschaftsforum 200...
 
The Baltic Outlook: Update, July 2009
The Baltic Outlook: Update, July 2009The Baltic Outlook: Update, July 2009
The Baltic Outlook: Update, July 2009
 
Ukraine Monthly Economic Review, December 2016
Ukraine Monthly Economic Review, December 2016Ukraine Monthly Economic Review, December 2016
Ukraine Monthly Economic Review, December 2016
 
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011
MACROECONOMIC PERFORMANCE FOR THE PAST THREE YEARS 2008-2011
 
The impact of some economic factors on imports in jordan
The impact of some economic factors on imports in jordanThe impact of some economic factors on imports in jordan
The impact of some economic factors on imports in jordan
 
Swedbank Analysis: Competitiveness adjustment in Latvia
Swedbank Analysis: Competitiveness adjustment in LatviaSwedbank Analysis: Competitiveness adjustment in Latvia
Swedbank Analysis: Competitiveness adjustment in Latvia
 
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...
Melvyn Mangion attendee to Central Bank Presentation on the Growing with the ...
 
Current Account Imbalances: the Cost of a General Adjustment
Current Account Imbalances: the Cost of a General AdjustmentCurrent Account Imbalances: the Cost of a General Adjustment
Current Account Imbalances: the Cost of a General Adjustment
 
2014 IMF Spillover Report, Emil Stavrev, IMF Research Department
2014 IMF Spillover Report, Emil Stavrev, IMF Research Department2014 IMF Spillover Report, Emil Stavrev, IMF Research Department
2014 IMF Spillover Report, Emil Stavrev, IMF Research Department
 
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the Balkans
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the BalkansCost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the Balkans
Cost-Benefit Analysis and Simulation of a Greek E-Shop expanding in the Balkans
 
Mariarosaria Comunale. Current Account and REER misalignments in Central East...
Mariarosaria Comunale. Current Account and REER misalignments in Central East...Mariarosaria Comunale. Current Account and REER misalignments in Central East...
Mariarosaria Comunale. Current Account and REER misalignments in Central East...
 
Financial Liberalization and Money Demand in CEMAC: Evidence from GMM Estimat...
Financial Liberalization and Money Demand in CEMAC: Evidence from GMM Estimat...Financial Liberalization and Money Demand in CEMAC: Evidence from GMM Estimat...
Financial Liberalization and Money Demand in CEMAC: Evidence from GMM Estimat...
 
Macroeconomics Performance of Bangladesh since Independence
Macroeconomics Performance of Bangladesh since IndependenceMacroeconomics Performance of Bangladesh since Independence
Macroeconomics Performance of Bangladesh since Independence
 
F0322029043
F0322029043F0322029043
F0322029043
 
Business Cycle Update - 15 May 2018
Business Cycle Update - 15 May 2018Business Cycle Update - 15 May 2018
Business Cycle Update - 15 May 2018
 
An empirical analysis of balance of payment in ghana using the monetary approach
An empirical analysis of balance of payment in ghana using the monetary approachAn empirical analysis of balance of payment in ghana using the monetary approach
An empirical analysis of balance of payment in ghana using the monetary approach
 

Más de CRRC-Armenia

Social Networking Sites
Social Networking SitesSocial Networking Sites
Social Networking SitesCRRC-Armenia
 
Presentation on Corruption Survey Results
Presentation on Corruption Survey ResultsPresentation on Corruption Survey Results
Presentation on Corruption Survey ResultsCRRC-Armenia
 
Corruption Survey of Enterprises 2009
Corruption Survey of Enterprises 2009Corruption Survey of Enterprises 2009
Corruption Survey of Enterprises 2009CRRC-Armenia
 
eResources for Research
eResources for ResearcheResources for Research
eResources for ResearchCRRC-Armenia
 
Humanitarian Intervention
Humanitarian InterventionHumanitarian Intervention
Humanitarian InterventionCRRC-Armenia
 
Household Corruption Survey 2009
Household Corruption Survey 2009Household Corruption Survey 2009
Household Corruption Survey 2009CRRC-Armenia
 
State of Armenian Irregular Migrants in Turkey
State of Armenian Irregular Migrants in TurkeyState of Armenian Irregular Migrants in Turkey
State of Armenian Irregular Migrants in TurkeyCRRC-Armenia
 
The Sources and Uses of Survey Data on Armenia
The Sources and Uses of Survey Data on ArmeniaThe Sources and Uses of Survey Data on Armenia
The Sources and Uses of Survey Data on ArmeniaCRRC-Armenia
 
Institutional Sources of Corruption in the Case of Armenia
Institutional Sources of Corruption in the Case of ArmeniaInstitutional Sources of Corruption in the Case of Armenia
Institutional Sources of Corruption in the Case of ArmeniaCRRC-Armenia
 
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...CRRC-Armenia
 
Civil Society and Corruption
Civil Society and CorruptionCivil Society and Corruption
Civil Society and CorruptionCRRC-Armenia
 
Freedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaFreedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaCRRC-Armenia
 
Freedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaFreedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaCRRC-Armenia
 
Data Quality: Issues and Fixes
Data Quality: Issues and FixesData Quality: Issues and Fixes
Data Quality: Issues and FixesCRRC-Armenia
 
School-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionSchool-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionCRRC-Armenia
 
Wordpress Handouts
Wordpress HandoutsWordpress Handouts
Wordpress HandoutsCRRC-Armenia
 
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?CRRC-Armenia
 

Más de CRRC-Armenia (20)

Social Networking Sites
Social Networking SitesSocial Networking Sites
Social Networking Sites
 
Presentation on Corruption Survey Results
Presentation on Corruption Survey ResultsPresentation on Corruption Survey Results
Presentation on Corruption Survey Results
 
Corruption Survey of Enterprises 2009
Corruption Survey of Enterprises 2009Corruption Survey of Enterprises 2009
Corruption Survey of Enterprises 2009
 
CRRC Armenia
CRRC Armenia CRRC Armenia
CRRC Armenia
 
eResources for Research
eResources for ResearcheResources for Research
eResources for Research
 
Humanitarian Intervention
Humanitarian InterventionHumanitarian Intervention
Humanitarian Intervention
 
Household Corruption Survey 2009
Household Corruption Survey 2009Household Corruption Survey 2009
Household Corruption Survey 2009
 
State of Armenian Irregular Migrants in Turkey
State of Armenian Irregular Migrants in TurkeyState of Armenian Irregular Migrants in Turkey
State of Armenian Irregular Migrants in Turkey
 
Rewire Your Brain
Rewire Your BrainRewire Your Brain
Rewire Your Brain
 
The Sources and Uses of Survey Data on Armenia
The Sources and Uses of Survey Data on ArmeniaThe Sources and Uses of Survey Data on Armenia
The Sources and Uses of Survey Data on Armenia
 
Institutional Sources of Corruption in the Case of Armenia
Institutional Sources of Corruption in the Case of ArmeniaInstitutional Sources of Corruption in the Case of Armenia
Institutional Sources of Corruption in the Case of Armenia
 
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...
Chicken or the Hen Dilemma or Understanding of the Perception of Corruption i...
 
Civil Society and Corruption
Civil Society and CorruptionCivil Society and Corruption
Civil Society and Corruption
 
Freedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaFreedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in Armenia
 
Freedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in ArmeniaFreedom of Expression and Censorship in Armenia
Freedom of Expression and Censorship in Armenia
 
Data Quality: Issues and Fixes
Data Quality: Issues and FixesData Quality: Issues and Fixes
Data Quality: Issues and Fixes
 
School-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist TransitionSchool-to-Work Transitions after Two Decades of Post-Communist Transition
School-to-Work Transitions after Two Decades of Post-Communist Transition
 
Ethics and CSR
Ethics and CSREthics and CSR
Ethics and CSR
 
Wordpress Handouts
Wordpress HandoutsWordpress Handouts
Wordpress Handouts
 
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
In Search of a Dramatic Equilibrium: Was the Armenian Dram Overvalued?
 

Último

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsIndeedSEO
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Adnet Communications
 
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book nowKalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book nowranineha57744
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...ssuserf63bd7
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwaitdaisycvs
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Timegargpaaro
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Availablepr788182
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfwill854175
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecZurliaSoop
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSkajalroy875762
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizharallensay1
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannaBusinessPlans
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAITim Wilson
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingNauman Safdar
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon investment
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPanhandleOilandGas
 

Último (20)

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book nowKalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 

In Search of a Dramatic Equilibrium: Was the Armenia n Dram Overvalued?