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Download To Peg or Not to Peg: A Template for Assessing the Nobler by Aasim M Husain in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About To Peg or Not to Peg: A Template for Assessing the Nobler
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.
Detailed Information
| Author: | Aasim M Husain |
|---|---|
| Publication Year: | 2006 |
| ISBN: | 1283515709 |
| Pages: | 29 |
| Language: | English |
| File Size: | 0.15234375 |
| Format: | |
| Price: | FREE |
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