Coverart for item
The Resource Exchange rate choices of microstates, prepared by Patrick Imam

Exchange rate choices of microstates, prepared by Patrick Imam

Label
Exchange rate choices of microstates
Title
Exchange rate choices of microstates
Statement of responsibility
prepared by Patrick Imam
Creator
Contributor
Author
Issuing body
Subject
Genre
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
Member of
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
Instantiates
Publication
Copyright
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
Publication
Copyright
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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