Series: IMF Working Papers
Author(s): Todd Schneider , Nabil Ben Ltaifa , Faisal Ahmed , and Saade Chami
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2007
Keywords: exchange rate, real exchange rate, oil production, effective exchange rate, real effective exchange rate
This paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and discusses policy options to ensure a smooth transition to a nonoil economy. The empirical result...