Exchange Rate Fluctuations and Output in Oil-Producing Countries : The Case of Iran

The Case of Iran

Exchange Rate Fluctuations and Output in Oil-Producing Countries : The Case of Iran
Conventional wisdom states that currency depreciation in oil-producing countries are contractionary because demand effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects. Iran, however, has experienced a rapid increase in non-oil exports in the last decade. Against this background, the READ MORE...

Publication date: May 2007
ISBN 9781451866773
$18.00

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