Yemen.

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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Schneider, Todd
Otros Autores: Ben Ltaifa, Nabil, Ahmed, Faisal, Chami, Saade
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2007.
Colección:IMF Working Papers.
Temas:
Foreign exchange rates > Yemen (Republic)
Petroleum industry and trade > Yemen (Republic)
Exports > Yemen (Republic)
Taux de change > Yémen.
Pétrole > Industrie et commerce > Yémen.
Exportations > Yémen.
Exports
Foreign exchange rates
Petroleum industry and trade
Yemen (Republic)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Background and Macroeconomic Outlook; Figures; 1. Exchange Rate and Inflation Developments, January 1998-June 2006; III. Estimating the Equilibrium Exchange Rate; 2. Yemen and GCC Countries, Real Effective Exchange Rates, January 1995-June 2006; IV. Equilibrium Exchange Rate in Yemen; A. Data and variables; 3. Real Effective Exchange Rate and its Key Determinants; B. Methodology; C. Econometric Results; Tables; 1. Selected Results of the VEC; D. Equilibrium (long-run) Relationship; E. Impact of Declining Oil Production on the REER.
  • F. Impact on the Nominal Exchange Rate: An Illustrative ExerciseV. Exchange Rate Regime Options; 4. Yemeni Rial-Daily Exchange Rate Versus U.S. Dollar, January-August 2006; VI. Conclusions; Appendix; 1. Variables; References.

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