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010   $a1-283-51495-8
010   $a9786613827401
010   $a1-4519-1022-3
035   $a(CKB)3360000000443668
035   $a(EBL)1608469
035   $a(SSID)ssj0000948699
035   $a(PQKBManifestationID)11602671
035   $a(PQKBTitleCode)TC0000948699
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035   $a(OCoLC)535146981
035   $a(MiAaPQ)EBC1608469
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100   $a20090811d2007      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aYemen$b[electronic resource] $eexchange rate policy in the face of dwindling oil exports /$fprepared by Saade Chami ... [et. al.]
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2007
215   $a1 online resource (24 p.)
225 1 $aIMF working paper ;$vWP/07/5
300   $a"January 2007."
311   $a1-4518-6569-4 
320   $aIncludes bibliographical references (p. 21-22).
327   $aContents; I. Introduction; II. Background and Macroeconomic Outlook; Figures; 1. Exchange Rate and Inflation Developments, January 1998-June 2006; III. Estimating the Equilibrium Exchange Rate; 2. Yemen and GCC Countries, Real Effective Exchange Rates, January 1995-June 2006; IV. Equilibrium Exchange Rate in Yemen; A. Data and variables; 3. Real Effective Exchange Rate and its Key Determinants; B. Methodology; C. Econometric Results; Tables; 1. Selected Results of the VEC; D. Equilibrium (long-run) Relationship; E. Impact of Declining Oil Production on the REER
327   $aF. Impact on the Nominal Exchange Rate: An Illustrative ExerciseV. Exchange Rate Regime Options; 4. Yemeni Rial-Daily Exchange Rate Versus U.S. Dollar, January-August 2006; VI. Conclusions; Appendix; 1. Variables; References
330   $aThis paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and discusses policy options to ensure a smooth transition to a nonoil economy. The empirical results suggest that, as oil production and foreign exchange earnings fall, the Yemeni rial will have to adjust downward in real effective terms to keep pace with the equilibrium exchange rate. In light of strong pass-through from exchange rate depreciation to domestic inflation, this could entail a substantial depreciation in nominal terms. Given the nature of the adjustment, a floating e
410  0$aIMF working paper ;$vWP/07/5.
606   $aForeign exchange rates$zYemen (Republic)
606   $aPetroleum industry and trade$zYemen (Republic)
606   $aExports$zYemen (Republic)
608   $aElectronic books.
615  0$aForeign exchange rates
615  0$aPetroleum industry and trade
615  0$aExports
676   $a339.4
676   $a339.43
700   $aChami$b Saade$0856867
712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464572403321
996   $aYemen$91913643
997   $aUNINA