02595nam 2200589Ia 450 991082568780332120200520144314.01-4623-0642-X1-4527-6125-61-283-51570-91-4519-0850-49786613828156(CKB)3360000000443743(EBL)3014563(SSID)ssj0000939947(PQKBManifestationID)11570204(PQKBTitleCode)TC0000939947(PQKBWorkID)10947339(PQKB)10705433(OCoLC)694141281(MiAaPQ)EBC3014563(IMF)WPIEE2006054(EXLCZ)99336000000044374320060622d2006 uf 0engur|n|---|||||txtccrTo peg or not to peg a template for assessing the nobler /prepared by Aasim M. Husain1st ed.[Washington, D.C.] International Monetary Fund20061 online resource (29 p.)IMF working paper ;WP/06/54"February 2006."1-4518-6314-4 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. DE FACTO REGIMES IN KAZAKHSTAN AND PAKISTAN""; ""III. TEMPLATE""; ""IV. SCORECARD""; ""V. CONCLUSIONS""; ""References""This paper proposes a template for assessing whether or not a country's economic and financial characteristics make it an appropriate candidate for a pegged exchange rate regime. The template employs quantifiable measures of attributes-trade orientation, financial integration, economic diversification, macroeconomic stabilization, credibility, and "fear-offloating" type effects-that have been identified in the literature as key potential determinants of regime choice. To illustrate, the template is applied to Kazakhstan and Pakistan. The results indicate a fairly strong case against a pegged regime in Pakistan. The implications for Kazakhstan are mixed, although changes in that economy in recent years strengthen the case against a peg.IMF working paper ;WP/06/54.Foreign exchange ratesForeign exchange administrationForeign exchange rates.Foreign exchange administration.Husain Aasim M1755923MiAaPQMiAaPQMiAaPQBOOK9910825687803321To peg or not to peg4192943UNINA