Exchange Rate Regime Considerations in an Oil Economy; The Case of the Islamic Republic of Iran
This 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.
|Date of creation:||01 Jan 2003|
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- International Monetary Fund, 1999. "Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime: The Case of the Islamic Republic of Iran," IMF Working Papers 99/15, International Monetary Fund.
- Rolando Ossowski & Steven Barnett & James Daniel & Jeffrey M. Davis, 2001. "Stabilization and Savings Funds for Nonrenewable Resources," IMF Occasional Papers 205, International Monetary Fund.
- 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.
- Ricardo Hausmann & Michael Gavin, 1996.
"Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America,"
Research Department Publications
4020, Inter-American Development Bank, Research Department.
- Ricardo Hausmann & Michael Gavin, 1996. "Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America," IDB Publications (Working Papers) 5919, Inter-American Development Bank.
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