Exchange Rate Regime Considerations in an Oil Economy: The Case of the Islamic Republic of Iran
AbstractThis paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 to 2002 and reviews the basic criteria for the choice of the exchange rate regime in the medium term. The analysis highlights the merits of an intermediate regime which would allow the authorities to smooth out excessive short-term exchange rate fluctuations while letting nominal exchange rate movements facilitate real exchange rate adjustments called for by major oil price shocks.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 03/26.
Date of creation: 01 Jan 2003
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ronald I. McKinnon, 2001. "After the Crisis, The East Asian Dollar Standard Resurrected: An Interpretation of High Frequency Exchange Rate Pegging," Working Papers 042001, Hong Kong Institute for Monetary Research.
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- Aasim M. Husain & Ashoka Mody & Nienke Oomes & Robin Brooks & Kenneth Rogoff, 2003.
"Evolution and Performance of Exchange Rate Regimes,"
IMF Working Papers
03/243, International Monetary Fund.
- Robin Brooks & Kenneth Rogoff & Ashoka Mody & Nienke Oomes & Aasim M. Husain, 2004. "Evolution and Performance of Exchange Rate Regimes," IMF Occasional Papers 229, International Monetary Fund.
- Valadkhani, Abbas & Amin Reza Kamalian & Majid Nameni, 2009.
"How can Iran’s black market exchange rate be managed?,"
Economics Working Papers
wp09-07, School of Economics, University of Wollongong, NSW, Australia.
- Abbas Valadkhani & Majid Nameni, 2011. "How can Iran's black market exchange rate be managed?," Journal of Economic Studies, Emerald Group Publishing, vol. 38(2), pages 186-202, May.
- Mehrara, Mohsen & Oskoui, Kamran Niki, 2007. "The sources of macroeconomic fluctuations in oil exporting countries: A comparative study," Economic Modelling, Elsevier, vol. 24(3), pages 365-379, May.
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