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150128 ||| eng |
020 |
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|a 9781451863147
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100 |
1 |
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|a Husain, Aasim
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245 |
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|a To Peg or Not to Peg
|b A Template for Assessing the Nobler
|c Aasim Husain
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2006
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300 |
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|a 29 pages
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651 |
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4 |
|a Pakistan
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653 |
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|a Government and the Monetary System
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653 |
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|a Inflation
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653 |
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|a Payment Systems
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653 |
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|a Monetary economics
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653 |
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|a Currency; Foreign exchange
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653 |
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|a Regimes
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653 |
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|a Deflation
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653 |
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|a Exchange rate adjustments
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653 |
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|a Money
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a Standards
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653 |
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|a Exchange rate flexibility
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653 |
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|a Currencies
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653 |
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|a Monetary Systems
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Exchange rates
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653 |
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|a Money and Monetary Policy
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653 |
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|a Foreign exchange
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451863147.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2006/054/001.2006.issue-054-en.xml?cid=18893-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a 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
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