"Inflation at about 11% already raises the risk of an overvaluation
of the real effective exchange rate, which could put more pressure on the naira and increase the risk of a sharp adjustment following an oil price shock.
Undervaluation and overvaluation
Insurance covers a variety of claims, from minor issues to major defects.
He said overvaluation
of the rupee over the last five years meant that Pakistan ran a huge current account deficit, the largest in all emerging markets.
Tan said that under this outdated system, overvaluation
usually happens when the government pays for a piece of real property, but undervaluation often occurs when it is the government's turn to collect.
Earlier, ex-president Asif Ali Zardari was issued another notice to turn up at NAB old headquarters in Rawalpindi on May 29 for investigation into his alleged role in overvaluation
of power projects and illegal awards of contracts.
A careful analysis of the breakdown of the rally would suggest that large caps are expensive, and mid-caps have lagged in performance after overvaluation
Three weeks ago, Nyeri Central residents demonstrated against the "overvaluation
" of their land during the valuation roll.
Against this background, the principal idea now is to enshrine an exchange rate policy which enhances competitive of Pakistani exports, by avoiding the persistent overvaluation
Market trends suggest overvaluation
of the official manat rate.
Negative Bund yields have eroded the effectiveness of the SNB's negative interest rate policy in curtailing the franc's chronic overvaluation
relative to the euro and most other currencies.
The control variables include the change in the ratio of short-term external debt to GDP, the deviation of GDP growth (i.e., the deviation of real per capita GDP growth in a country from its average in the five preceding years), the exchange rate overvaluation
and the ratio of foreign reserves to imports.
As a result, the risk of overvaluation
in terms of prices increased significantly in the capital city; however, on a national average housing prices still remain below the level justified by macroeconomic fundamentals.