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[null,"1.","Record Nr.",null,"UNINA9910464572403321"]
[null,null,"Autore",null,"Chami Saade"]
[null,null,"Titolo",null,"Yemen [[electronic resource] ] : exchange rate policy in the face of dwindling oil exports / / prepared by Saade Chami ... [et. al.]"]
[null,null,"Pubbl/distr/stampa",null,"[Washington, D.C.], : International Monetary Fund, 2007"]
[null,null,"ISBN",null,"1-4623-2557-2"]
[{"$nulls":4},"1-4527-5719-4"]
[{"$nulls":4},"1-283-51495-8"]
[{"$nulls":4},"9786613827401"]
[{"$nulls":4},"1-4519-1022-3"]
[null,null,"Descrizione fisica",null,"1 online resource (24 p.)"]
[null,null,"Collana",null,"IMF working paper ; ; WP/07/5"]
[null,null,"Disciplina",null,"339.4"]
[{"$nulls":4},"339.43"]
[null,null,"Soggetti",null,"Foreign exchange rates - Yemen (Republic)"]
[{"$nulls":4},"Petroleum industry and trade - Yemen (Republic)"]
[{"$nulls":4},"Exports - Yemen (Republic)"]
[{"$nulls":4},"Electronic books."]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"January 2007.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references (p. 21-22)."]
[null,null,"Nota di contenuto",null,"Contents; 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"]
[{"$nulls":4},"F. Impact on the Nominal Exchange Rate: An Illustrative ExerciseV. Exchange Rate Regime Options; 4. Yemeni Rial-Daily Exchange Rate Versus U.S. Dollar, January-August 2006; VI. Conclusions; Appendix; 1. Variables; References"]
[null,null,null,"Sommario/riassunto","This paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and discusses policy options to ensure a smooth transition to a nonoil economy. The empirical results suggest that, as oil production and foreign exchange "]
[{"$nulls":4},"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"]