External Stability Under Alternative Nominal Exchange Rate Anchors : An Application to the GCC Countries

An Application to the GCC Countries

External Stability Under Alternative Nominal Exchange Rate Anchors : An Application to the GCC Countries
Import and export stability is examined under two alternative nominal exchange rate anchors, the U.S. dollar and the SDR. Stability under the two pegs depends critically on import and export elasticity with respect to exchange rates. The implications of import and export elasticity for an optimal currency basket are also explored. The elasticity... READ MORE...

Publication date: January 1997
ISBN 9781451927900
$15.00

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