05186oam 22013814 450 991095902530332120250426110057.097866138237489781462341726146234172197814527188591452718857978128351129212835112909781451909395145190939X(CKB)3360000000443370(EBL)3014461(SSID)ssj0000940070(PQKBManifestationID)11553619(PQKBTitleCode)TC0000940070(PQKBWorkID)10946755(PQKB)10859092(OCoLC)694141129(IMF)WPIEE2006226(MiAaPQ)EBC3014461(IMF)WPIEA2006226WPIEA2006226(EXLCZ)99336000000044337020020129d2006 uf 0engur|n|---|||||txtccrBeauty Queens and Wallflowers : Currency Unions in the Middle East and Central Asia /Katrin Elborgh-Woytek, Julian Berengaut1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (28 p.)IMF Working Papers"October 2006."9781451864861 1451864868 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, CentralCurrenciesimfCurrencyimfDeflationimfEconomic History: MacroeconomicsimfEconomic integrationimfExchange ratesimfExports and ImportsimfExportsimfFinancial Aspects of Economic IntegrationimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfGrowth and Fluctuations: Asia including Middle EastimfInflationimfInternational economicsimfInternational Monetary Arrangements and InstitutionsimfInternational tradeimfMacroeconomicsimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPrice LevelimfPricesimfRegimesimfStandardsimfTrade: GeneralimfUnited Arab EmiratesimfMoneyMoneyCurrenciesCurrencyDeflationEconomic History: MacroeconomicsEconomic integrationExchange ratesExports and ImportsExportsFinancial Aspects of Economic IntegrationForeign ExchangeForeign exchangeGovernment and the Monetary SystemGrowth and Fluctuations: Asia including Middle EastInflationInternational economicsInternational Monetary Arrangements and InstitutionsInternational tradeMacroeconomicsMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsPrice LevelPricesRegimesStandardsTrade: GeneralElborgh-Woytek Katrin1607309Berengaut Julian1816218International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910959025303321Beauty Queens and Wallflowers4372014UNINA