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230404 ||| eng |
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|a 9798400234323
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| 245 |
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|a Islamic Republic of Mauritania
|b Selected Issues
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 52 pages
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| 651 |
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4 |
|a Mauritania, Islamic Republic of
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| 653 |
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|a Environmental Economics: General
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| 653 |
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|a International Organizations
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| 653 |
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|a Finance
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Monetary economics
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| 653 |
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|a Natural Disasters
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| 653 |
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|a Environment
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| 653 |
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|a International agencies
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| 653 |
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|a Climate
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| 653 |
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|a Climate change
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| 653 |
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|a Currency
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| 653 |
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|a International organization
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| 653 |
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|a International Financial Markets
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| 653 |
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|a Currency markets
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Financial markets
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| 653 |
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|a International institutions
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| 653 |
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|a Global Warming
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| 653 |
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|a Exchange rate flexibility
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| 653 |
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|a International Economics
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| 653 |
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|a Monetary policy
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| 653 |
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|a Natural disasters
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| 653 |
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|a Foreign exchange market
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| 653 |
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|a Exchange rates
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Foreign exchange
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| 653 |
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|a International Agreements and Observance
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| 653 |
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|a Climatic changes
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| 710 |
2 |
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|a International Monetary Fund
|b Middle East and Central Asia Dept
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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 |
0 |
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|a IMF Staff Country Reports
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/002/2023/074/002.2023.issue-074-en.xml?cid=529141-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This selected issue paper discusses the desirable institutional and macro-financial conditions and optimal path toward greater exchange rate flexibility in the Islamic Republic of Mauritania. It also identifies the macro-financial risks that arise and mitigation measures supporting a smooth transition and discusses reforms needed for a successful and smooth shift, including the need for an alternative nominal anchor and modern monetary policy framework, more developed financial markets, and resilient financial sector. Mauritania is a small economy exposed to terms-of-trade shocks. The current account deficit is volatile and sometimes sizeable. International reserves remained adequate until 2021 but are expected to fall around the adequacy threshold due to the negative external shock. A more flexible exchange rate would reduce the economy’s vulnerability to external shocks and preserve international reserves. Countries that are heavily reliant on a single commodity or a group of commodities need more exchange rate flexibility to respond to changes in world commodity prices and to mitigate their spillovers into other sectors
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