Beauty Queens and Wallflowers : Currency Unions in the Middle East and Central Asia / Katrin Elborgh-Woytek, Julian Berengaut.

Format:

Book

Government document

Author/Creator:

Elborgh-Woytek, Katrin.

Contributor:

Berengaut, Julian.

International Monetary Fund. Middle East and Central Asia Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/226

IMF Working Papers

Language:

English

Subjects (All):

Money--Middle East.

Money.

Money--Asia, Central.

Physical Description:

1 online resource (28 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

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.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. THE THEORY OF OPTIMUM CURRENCY AREAS""; ""III. ASSUMPTIONS AND METHODOLOGY""; ""IV. RESULTS""; ""V. SUMMARY AND CONCLUSIONS""; ""References""

Notes:

"October 2006."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613823748

9781462341726

1462341721

9781452718859

1452718857

9781283511292

1283511290

9781451909395

145190939X

OCLC:

694141129