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To Peg or Not to Peg : : A Template for Assessing the Nobler / / Aasim Husain



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Autore: Husain Aasim Visualizza persona
Titolo: To Peg or Not to Peg : : A Template for Assessing the Nobler / / Aasim Husain Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (29 p.)
Soggetto topico: Foreign exchange rates
Foreign exchange administration
Foreign Exchange
Inflation
Money and Monetary Policy
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Price Level
Deflation
Currency
Foreign exchange
Monetary economics
Macroeconomics
Exchange rates
Currencies
Exchange rate flexibility
Exchange rate adjustments
Money
Prices
Soggetto geografico: Pakistan
Note generali: "February 2006."
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. DE FACTO REGIMES IN KAZAKHSTAN AND PAKISTAN""; ""III. TEMPLATE""; ""IV. SCORECARD""; ""V. CONCLUSIONS""; ""References""
Sommario/riassunto: 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.
Titolo autorizzato: To Peg or Not to Peg  Visualizza cluster
ISBN: 1-4623-0642-X
1-4527-6125-6
1-283-51570-9
1-4519-0850-4
9786613828156
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788406403321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2006/054