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To Peg or Not to Peg : A Template for Assessing the Nobler / Aasim Husain.
- Format:
- Book
- Government document
- Author/Creator:
- Husain, Aasim.
- Series:
- IMF Working Papers; Working Paper ; No. 2006/054
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Foreign exchange rates.
- Foreign exchange administration.
- Physical Description:
- 1 online resource (29 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2006.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- ""Contents""; ""I. INTRODUCTION""; ""II. DE FACTO REGIMES IN KAZAKHSTAN AND PAKISTAN""; ""III. TEMPLATE""; ""IV. SCORECARD""; ""V. CONCLUSIONS""; ""References""
- Notes:
- "February 2006."
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9786613828156
- 9781462306428
- 146230642X
- 9781452761251
- 1452761256
- 9781283515702
- 1283515709
- 9781451908503
- 1451908504
- OCLC:
- 694141281
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