Yemen : Exchange Rate Policy in the Face of Dwindling Oil Exports

Exchange Rate Policy in the Face of Dwindling Oil Exports

Yemen : Exchange Rate Policy in the Face of Dwindling Oil Exports
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... READ MORE...

Publication date: January 2007
ISBN 9781451865691
$18.00

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