04967oam 22012854 450 991078841400332120230828232720.01-4623-4172-11-4527-1885-71-283-51129-097866138237481-4519-0939-X(CKB)3360000000443370(EBL)3014461(SSID)ssj0000940070(PQKBManifestationID)11553619(PQKBTitleCode)TC0000940070(PQKBWorkID)10946755(PQKB)10859092(OCoLC)694141129(MiAaPQ)EBC3014461(IMF)WPIEE2006226(EXLCZ)99336000000044337020020129d2006 uf 0engur|n|---|||||txtccrBeauty Queens and Wallflowers : Currency Unions in the Middle East and Central Asia /Katrin Elborgh-Woytek, Julian BerengautWashington, D.C. :International Monetary Fund,2006.1 online resource (28 p.)IMF Working Papers"October 2006."1-4518-6486-8 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THE THEORY OF OPTIMUM CURRENCY AREAS""; ""III. ASSUMPTIONS AND METHODOLOGY""; ""IV. RESULTS""; ""V. SUMMARY AND CONCLUSIONS""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/226MoneyMiddle EastMoneyAsia, CentralExports and ImportsimfForeign ExchangeimfInflationimfMoney and Monetary PolicyimfInternational Monetary Arrangements and InstitutionsimfFinancial Aspects of Economic IntegrationimfEconomic History: MacroeconomicsimfGrowth and Fluctuations: Asia including Middle EastimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfPrice LevelimfDeflationimfTrade: GeneralimfMonetary economicsimfInternational economicsimfMacroeconomicsimfCurrencyimfForeign exchangeimfCurrenciesimfMonetary unionsimfExchange ratesimfExportsimfMoneyimfEconomic integrationimfPricesimfInternational tradeimfUnited Arab EmiratesimfMoneyMoneyExports and ImportsForeign ExchangeInflationMoney and Monetary PolicyInternational Monetary Arrangements and InstitutionsFinancial Aspects of Economic IntegrationEconomic History: MacroeconomicsGrowth and Fluctuations: Asia including Middle EastMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsPrice LevelDeflationTrade: GeneralMonetary economicsInternational economicsMacroeconomicsCurrencyForeign exchangeCurrenciesMonetary unionsExchange ratesExportsMoneyEconomic integrationPricesInternational tradeElborgh-Woytek Katrin1546578Berengaut Julian1546579International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910788414003321Beauty Queens and Wallflowers3802276UNINA