To peg or not to peg : a template for assessing the nobler / / prepared by Aasim M. Husain

• Autore: Husain Aasim M
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (29 p.)
• Soggetto topico: Foreign exchange rates; Foreign exchange administration
• 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
• 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.: 9910825687803321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/54.