Welfare effects of Uzbekistan's foreign exchange regime /

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Bibliographic Details
Author / Creator:Rosenberg, Christoph B., author.
Imprint:[Washington, D.C.] : International Monetary Fund, European II Department, 2000.
©2000
Description:1 online resource (23 pages) : illustrations.
Language:English
Series:IMF working paper ; WP/00/61
IMF working paper ; WP/00/61.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497572
Hidden Bibliographic Details
Other authors / contributors:Zeeuw, Maarten de, author.
International Monetary Fund. European II Department, issuing body.
ISBN:1451894937
9781451894936
1281602086
9781281602084
Notes:Includes bibliographical references (page 23).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
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 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:In January 1997, Uzbekistan formally (re)introduced a system of multiple exchange rates and restrictions on current account transactions with the aim of promoting import substituting industries, protecting foreign exchange reserves and subsidizing basic food imports. Several recent studies have dealt with the effects of this system on sectoral distribution, foreign investment and macroeconomic stability. 2 However, its consequences for economic efficiency and welfare, while acknowledged, have so far received little attention. This paper, which builds on an earlier article by Rosenberg, Ruocco, and Wiegard (1999) tries to address this question. Specifically, it attempts to identify and quantify the substantial microeconomic distortions on export and import markets that result from the existence of at least three distinct exchange rates in Uzbekistan. This analysis also shows how a simple exercise in welfare economics can provide insights into the appropriate sequencing of reforms. The approach presented here may thus serve as a blueprint for structural policies aiming at the removal of distortions in general.
Other form:Print version: Rosenberg, Christoph B. Welfare effects of Uzbekistan's foreign exchange regime. [Washington, D.C.] : International Monetary Fund, European II Dept., ©2000
Standard no.:10.5089/9781451894936.001

MARC

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650 0 |a Foreign exchange rates  |x Economic aspects  |z Uzbekistan  |x Econometric models. 
650 0 |a Balance of payments  |z Uzbekistan  |x Econometric models. 
650 0 |a Exports  |z Uzbekistan  |x Econometric models. 
650 0 |a Imports  |z Uzbekistan  |x Econometric models. 
651 0 |a Uzbekistan  |x Economic policy  |x Econometric models. 
650 0 |a Welfare economics.  |0 http://id.loc.gov/authorities/subjects/sh85146027 
650 6 |a Taux de change  |x Aspect économique  |z Ouzbékistan  |x Modèles économétriques. 
650 6 |a Balance des paiements  |z Ouzbékistan  |x Modèles économétriques. 
650 6 |a Exportations  |z Ouzbékistan  |x Modèles économétriques. 
650 6 |a Importations  |z Ouzbékistan  |x Modèles économétriques. 
650 6 |a Économie du bien-être. 
651 6 |a Ouzbékistan  |x Politique économique  |x Modèles économétriques. 
650 7 |a Balance of payments  |x Econometric models.  |2 fast  |0 (OCoLC)fst00825676 
650 7 |a Economic policy  |x Econometric models.  |2 fast  |0 (OCoLC)fst00902034 
650 7 |a Exports  |x Econometric models.  |2 fast  |0 (OCoLC)fst00918770 
650 7 |a Imports  |x Econometric models.  |2 fast  |0 (OCoLC)fst00968201 
650 7 |a Welfare economics.  |2 fast  |0 (OCoLC)fst01173620 
651 7 |a Uzbekistan.  |2 fast  |0 (OCoLC)fst01260657 
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