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Some Considerations for the Exchange Rate Regime
出版International Monetary Fund, 2003-04-01
主題Business & Economics / Foreign ExchangeBusiness & Economics / Money & Monetary Policy
ISBN14518488119781451848816
URLhttp://books.google.com.hk/books?id=blQYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋We compare the dollar peg to a dollar-euro basket peg as alternative exchange rate regimes for the incipient Gulf Cooperation Council (GCC) currency union. Quantitative evidence suggests basket peg does not dominate dollar peg for improving external stability. However, as GCC exports and external financial assets become more diversified, a more flexible exchange policy may be necessary for competitiveness and stability. Pegging the prospective common GCC currency to a basket, like the dollar-euro basket, may provide a conservative transitional strategy toward a more flexible exchange rate policy.