1.

Record Nr.

UNINA9910819869203321

Autore

Elborgh-Woytek Katrin

Titolo

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

Pubbl/distr/stampa

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

ISBN

1-4623-4172-1

1-4527-1885-7

1-283-51129-0

9786613823748

1-4519-0939-X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (28 p.)

Collana

IMF Working Papers

Altri autori (Persone)

BerengautJulian

Soggetti

Money - Middle East

Money - Asia, Central

Exports and Imports

Foreign Exchange

Inflation

Money and Monetary Policy

International Monetary Arrangements and Institutions

Financial Aspects of Economic Integration

Economic History: Macroeconomics

Growth and Fluctuations: Asia including Middle East

Monetary Systems

Standards

Regimes

Government and the Monetary System

Payment Systems

Price Level

Deflation

Trade: General

Monetary economics

International economics

Macroeconomics

Currency

Foreign exchange

Currencies

Monetary unions

Exchange rates



Exports

Money

Economic integration

Prices

International trade

United Arab Emirates

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"October 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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

Sommario/riassunto

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.