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|c 5.00 USD
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|z 9781451863147
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Husain, Aasim.
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|a To Peg or Not to Peg :
|b A Template for Assessing the Nobler /
|c Aasim Husain.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper proposes a template for assessing whether or not a country's economic and financial characteristics make it an appropriate candidate for a pegged exchange rate regime. The template employs quantifiable measures of attributes-trade orientation, financial integration, economic diversification, macroeconomic stabilization, credibility, and "fear-offloating" type effects-that have been identified in the literature as key potential determinants of regime choice. To illustrate, the template is applied to Kazakhstan and Pakistan. The results indicate a fairly strong case against a pegged regime in Pakistan. The implications for Kazakhstan are mixed, although changes in that economy in recent years strengthen the case against a peg.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2006/054
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/054/001.2006.issue-054-en.xml
|z IMF e-Library
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