The Resource Choosing the correct currency anchor for a small economy : the case of Nepal, prepared by Sibel Yelten

Choosing the correct currency anchor for a small economy : the case of Nepal, prepared by Sibel Yelten

Label
Choosing the correct currency anchor for a small economy : the case of Nepal
Title
Choosing the correct currency anchor for a small economy
Title remainder
the case of Nepal
Statement of responsibility
prepared by Sibel Yelten
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper uses the Sjaastad model to estimate the optimal currency area for the Nepalese rupee and concludes that, currently, Nepal may be reasonably well off with its peg to the Indian rupee. As its economy opens and its trade base and trading partners expand, it may want to reevaluate whether moving toward an exchange rate basket including the U.S. dollar may be a better policy choice. The regression results indicate that, currently, the prices of imported goods in Nepal are solely influenced by India, suggesting that with the peg to the Indian rupee, Nepal can isolate the import side of its economy completely from external shocks. On the export side, the regression results indicate that Nepalese export prices seem, to a large extent, to be influenced by U.S. prices. However, the export price index had to be constructed, and the construction methodology is likely to entail an overestimation of the impact of the U.S. dollar
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.45
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/142
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP/04/142
Label
Choosing the correct currency anchor for a small economy : the case of Nepal, prepared by Sibel Yelten
Publication
Note
  • "August 2004."
  • At head of title: Asia and Pacific Department
Antecedent source
file reproduced from original
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647589133
Dimensions
unknown
Extent
1 online resource (15 pages)
File format
one file format
Form of item
online
Isbn
9781451901474
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37163863
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647589133
  • imf1282048279
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.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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