External Stability Under Alternative Nominal Exchange Rate Anchors : An Application to the GCC Countries /

Import and export stability is examined under two alternative nominal exchange rate anchors, the U.S. dollar and the SDR. Stability under the two pegs depends critically on import and export elasticity with respect to exchange rates. The implications of import and export elasticity for an optimal cu...

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Bibliografske podrobnosti
Glavni avtor: Iqbal, Zubair
Drugi avtorji: Erbas, S.
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1997.
Serija:IMF Working Papers; Working Paper ; No. 1997/008
Online dostop:Full text available on IMF
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245 1 0 |a External Stability Under Alternative Nominal Exchange Rate Anchors :   |b An Application to the GCC Countries /  |c Zubair Iqbal, S. Erbas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Import and export stability is examined under two alternative nominal exchange rate anchors, the U.S. dollar and the SDR. Stability under the two pegs depends critically on import and export elasticity with respect to exchange rates. The implications of import and export elasticity for an optimal currency basket are also explored. The elasticity estimates for the GCC countries suggest that the SDR peg may not outperform the dollar peg in improving external stability. Nevertheless, switching to some other nominal exchange rate anchor may improve external stability, a possibility that remains to be explored. 
538 |a Mode of access: Internet 
700 1 |a Erbas, S. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/008 
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