To Peg or Not to Peg A Template for Assessing the Nobler

Author/creator Husain, Aasim M. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description49 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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.
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Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451908503
ISBN1451908504 (E-Book) Active Record
Stock number00013468

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