|
|
|
|
| LEADER |
02027cas a2200253 a 4500 |
| 001 |
AALejournalIMF004816 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451866773
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Kandil, Magda.
|
| 245 |
1 |
0 |
|a Exchange Rate Fluctuations and Output in Oil-Producing Countries :
|b The Case of Iran /
|c Magda Kandil, Mohsen Bahmani-Oskooee.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
|
| 300 |
|
|
|a 1 online resource (32 pages)
|
| 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 Conventional wisdom states that currency depreciation in oil-producing countries are contractionary because demand effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects. Iran, however, has experienced a rapid increase in non-oil exports in the last decade. Against this background, the paper tests whether the conventional wisdom still applies to Iran and concludes that the emergence of the non-oil export sector has made currency depreciation expansionary. The expansionary effect is particularly evident with respect to anticipated persistent depreciation in the long-run. Notwithstanding the varying effects of exchange rate fluctuations on the demand and supply sides of the economy, managing a flexible exchange rate gradually over time towards achieving stability in the real effective exchange rate may strike the necessary balance.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Bahmani-Oskooee, Mohsen.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2007/113
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/113/001.2007.issue-113-en.xml
|z IMF e-Library
|