Vai al contenuto principale della pagina

Yemen [[electronic resource] ] : exchange rate policy in the face of dwindling oil exports / / prepared by Saade Chami ... [et. al.]



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Autore: Chami Saade Visualizza persona
Titolo: Yemen [[electronic resource] ] : exchange rate policy in the face of dwindling oil exports / / prepared by Saade Chami ... [et. al.] Visualizza cluster
Pubblicazione: [Washington, D.C.], : International Monetary Fund, 2007
Descrizione fisica: 1 online resource (24 p.)
Disciplina: 339.4
339.43
Soggetto topico: Foreign exchange rates - Yemen (Republic)
Petroleum industry and trade - Yemen (Republic)
Exports - Yemen (Republic)
Soggetto genere / forma: Electronic books.
Note generali: "January 2007."
Nota di bibliografia: Includes bibliographical references (p. 21-22).
Nota di contenuto: 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
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
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 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
Titolo autorizzato: Yemen  Visualizza cluster
ISBN: 1-4623-2557-2
1-4527-5719-4
1-283-51495-8
9786613827401
1-4519-1022-3
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910464572403321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF working paper ; ; WP/07/5.