Exchange Rate Regime Considerations in an Oil Economy : The Case of the Islamic Republic of Iran /

This paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 to 2002 and reviews the basic criteria for the choice of the exchange rate regime in the medium term. The analysis highlights the merits of an intermediate regime which would allow...

Πλήρης περιγραφή

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Κύριος συγγραφέας: Celasun, Oya
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2003.
Σειρά:IMF Working Papers; Working Paper ; No. 2003/026
Διαθέσιμο Online:Full text available on IMF
Περιγραφή
Περίληψη:This paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 to 2002 and reviews the basic criteria for the choice of the exchange rate regime in the medium term. The analysis highlights the merits of an intermediate regime which would allow the authorities to smooth out excessive short-term exchange rate fluctuations while letting nominal exchange rate movements facilitate real exchange rate adjustments called for by major oil price shocks.
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Φυσική περιγραφή:1 online resource (18 pages)
Μορφή:Mode of access: Internet
ISSN:1018-5941
Πρόσβαση:Electronic access restricted to authorized BRAC University faculty, staff and students