Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 1283511967
9781283511964
9781451916638
1451916639
9781451872286
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| Notes: | Includes bibliographical references (page 21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
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. http://purl.oclc.org/DLF/benchrepro0212
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | While the underlying methodologies continue to be widely debated and refined, there is little consensus on how to assess the equilibrium exchange rate of economies dominated by production of finite natural resources such as the oil economies of the Middle East. In part this is due to the importance of intertemporal aspects (as the real exchange rate may affect the optimal/equitable rate of transformation of finite resource wealth into financial assets), as well as risk considerations given the relatively high volatility of commodity prices. The paper illustrates some important peculiarities of the exchange rate assessment for such natural resource producers by working through a simple two-period model that captures certain key aspects of many resource economies.
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| Other form: | Print version: Enders, Klaus-Stefan, 1952- Exchange rate assessment for oil exporters. [Washington, DC] : International Monetary Fund (IMF), ©2009
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| Standard no.: | 10.5089/9781451916638.001
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