Hidden Bibliographic Details
| Other authors / contributors: | Fouejieu A., Armand, author, (IMF staff)
International Monetary Fund. Middle East and Central Asia Department, publisher.
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| ISBN: | 9781484379929
1484379926
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| Notes: | "June 2016."
At head of title: "Middle East and Central Asia Department."
Includes bibliographical references (pages 42-45).
Description based on online resource; title from pdf title page (IMF.org Web site, viewed July 13, 2016).
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| Summary: | After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression analysis of the determinants of the current account balance and of the trade balance. The results show little or no relationship with the exchange rate and, especially for the less diversified oil exporters (including the Gulf Cooperation Council), a strong relationship with the fiscal balance or government spending.
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| Other form: | Print Version: Behar, Alberto External Adjustment in Oil Exporters: The Role of Fiscal Policy and the Exchange Rate Washington, D.C. : International Monetary Fund,2016 9781484379929
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| Standard no.: | 10.5089/9781484379929.001
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