The Resource Exchange rate choices of microstates, prepared by Patrick Imam
Exchange rate choices of microstates, prepared by Patrick Imam
Resource Information
The item Exchange rate choices of microstates, prepared by Patrick Imam represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Exchange rate choices of microstates, prepared by Patrick Imam represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ability to better accommodate local preferences combined with a more integrated world economy probably explains why the benefits of independence have risen. We explain why microstates at independence have chosen either dollarization, currency board arrangements, or fixed exchange rates rather than more flexible forms of exchange rate systems. We then, using the Geweke-Hajvassiliou-Keane multivariate normal simulator, model empirically the determinants of each of the different fixed exchange rate regimes in microstates and analyze the policy implications
- Language
- eng
- Extent
- 1 online resource (46 pages)
- Note
-
- "January 2010."
- At head of title: Monetary and Capital Markets Department
- Contents
-
- I. Introduction; II. What Is a Microstate?; III. Why Do Microstates Choose Independence?; A. The Cost of Being a Microstate; Higher Costs; Higher Risks; B. The Benefits of Being a Microstate; Better Accommodation of Preferences; C. Choice of Independence; IV. Choosing Exchange Rate Policy in Microstates; A. Problems of Floating Exchange Rate in Microstates; B. Advantages of Hard Pegs in Microstates; V. Why Do Microstates Choose a Given Form of Hard Peg?; A. Dollarization; B. Currency Board Arrangements; C. Fixed Exchange Rates; D. How Do the Different Hard Pegs Compare?
- VI. Econometric EstimationA. Variables Used; B. Data Problems; C. Estimation Technique; D. Results; VII. Conclusion; VIII. References
- Isbn
- 9781283555593
- Label
- Exchange rate choices of microstates
- Title
- Exchange rate choices of microstates
- Statement of responsibility
- prepared by Patrick Imam
- Language
- eng
- Summary
- In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ability to better accommodate local preferences combined with a more integrated world economy probably explains why the benefits of independence have risen. We explain why microstates at independence have chosen either dollarization, currency board arrangements, or fixed exchange rates rather than more flexible forms of exchange rate systems. We then, using the Geweke-Hajvassiliou-Keane multivariate normal simulator, model empirically the determinants of each of the different fixed exchange rate regimes in microstates and analyze the policy implications
- Action
- digitized
- Cataloging source
- OCLCE
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Imam, Patrick
- Government publication
- international or intergovernmental publication
- Illustrations
- illustrations
- Index
- no index present
- LC call number
- HG3810 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
- International Monetary Fund
- Series statement
- IMF Working Paper,
- Series volume
- WP/10/12
- http://library.link/vocab/subjectName
-
- Dollarization
- Foreign exchange rates
- Currency question
- States, Small
- Currency question
- Foreign exchange rates
- Label
- Exchange rate choices of microstates, prepared by Patrick Imam
- Note
-
- "January 2010."
- At head of title: Monetary and Capital Markets Department
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- I. Introduction; II. What Is a Microstate?; III. Why Do Microstates Choose Independence?; A. The Cost of Being a Microstate; Higher Costs; Higher Risks; B. The Benefits of Being a Microstate; Better Accommodation of Preferences; C. Choice of Independence; IV. Choosing Exchange Rate Policy in Microstates; A. Problems of Floating Exchange Rate in Microstates; B. Advantages of Hard Pegs in Microstates; V. Why Do Microstates Choose a Given Form of Hard Peg?; A. Dollarization; B. Currency Board Arrangements; C. Fixed Exchange Rates; D. How Do the Different Hard Pegs Compare?
- VI. Econometric EstimationA. Variables Used; B. Data Problems; C. Estimation Technique; D. Results; VII. Conclusion; VIII. References
- Control code
- 762315775
- Dimensions
- unknown
- Extent
- 1 online resource (46 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9781283555593
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451918618.001
- Other physical details
- color illustrations
- Reproduction note
- Electronic reproduction.
- Specific material designation
- remote
- System control number
-
- imfWPIEA2010012
- (IMF)WPIEA2010012
- (OCoLC)762315775
- System details
- Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
- Label
- Exchange rate choices of microstates, prepared by Patrick Imam
- Note
-
- "January 2010."
- At head of title: Monetary and Capital Markets Department
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- I. Introduction; II. What Is a Microstate?; III. Why Do Microstates Choose Independence?; A. The Cost of Being a Microstate; Higher Costs; Higher Risks; B. The Benefits of Being a Microstate; Better Accommodation of Preferences; C. Choice of Independence; IV. Choosing Exchange Rate Policy in Microstates; A. Problems of Floating Exchange Rate in Microstates; B. Advantages of Hard Pegs in Microstates; V. Why Do Microstates Choose a Given Form of Hard Peg?; A. Dollarization; B. Currency Board Arrangements; C. Fixed Exchange Rates; D. How Do the Different Hard Pegs Compare?
- VI. Econometric EstimationA. Variables Used; B. Data Problems; C. Estimation Technique; D. Results; VII. Conclusion; VIII. References
- Control code
- 762315775
- Dimensions
- unknown
- Extent
- 1 online resource (46 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9781283555593
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451918618.001
- Other physical details
- color illustrations
- Reproduction note
- Electronic reproduction.
- Specific material designation
- remote
- System control number
-
- imfWPIEA2010012
- (IMF)WPIEA2010012
- (OCoLC)762315775
- System details
- Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Exchange-rate-choices-of-microstates-prepared-by/nBj87GY9mCw/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Exchange-rate-choices-of-microstates-prepared-by/nBj87GY9mCw/">Exchange rate choices of microstates, prepared by Patrick Imam</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
