Beauty Queens and Wallflowers : Currency Unions in the Middle East and Central Asia /

Against the background of the theory of optimum currency areas, the paper analyzes possible sequences for establishing a currency union (CU) in the Middle East and Central Asia region. Between the corner solutions of independent currencies for all countries in the region and a CU comprising all coun...

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Bibliographic Details
Main Author: Elborgh-Woytek, Katrin
Other Authors: Berengaut, Julian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/226
Online Access:Full text available on IMF
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245 1 0 |a Beauty Queens and Wallflowers :   |b Currency Unions in the Middle East and Central Asia /  |c Katrin Elborgh-Woytek, Julian Berengaut. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Against the background of the theory of optimum currency areas, the paper analyzes possible sequences for establishing a currency union (CU) in the Middle East and Central Asia region. Between the corner solutions of independent currencies for all countries in the region and a CU comprising all countries, a large number of combinations of member countries in the CU is possible. The analysis aims to determine the composition of potential CUs as a function of the country initiating the CU, an exogenously determined number of currencies in the region, and the weight attached to the particular selection criteria. Within this framework, the study seeks to establish whether some countries are consistently selected at early stages of the process, while others join only at later stages. 
538 |a Mode of access: Internet 
700 1 |a Berengaut, Julian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/226 
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