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Freedom to trade internationally: Subindex of the EFW index, consisting of the following five indicators: taxes on international trade, regulatory trade barriers, actual size of trade sector compared to expected size, difference between official and black market exchange rate, and international capital market controls. These prices' US dollar equivalence is according to three different exchange rates: the Official Exchange Rate (OER), the Curb market Exchange Rate (Curb ER), and the Nominal Market Exchange Rate (NMER) - calculated as 0. 26 * At market exchange rate (December 2004) --Weighted average of member countries [+ or -] Average of four cities |
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