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Exchange Rate Regime Choice under Hyperinflationary Conditions in a Post-War Situation: The Case of Iraq

Imad A. Moosa ()
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Imad A. Moosa: Department of Accounting and Finance, Monash University, Postal: PO Box 197 Caulfield East 3145 Victoria, Australia,, http://www.monash.edu.au

Economia Internazionale / International Economics, 2004, vol. 57, issue 4, 495-510

Abstract: The main argument put forward in this paper is that a currency board is the optimal exchange rate regime for Iraq under the present conditions. The main alternative of managed floating is ruled out as being inappropriate. It is also argued that the exchange rate regime in the case of Iraq should not be looked upon as a means of providing a macroeconomic policy tool, but rather as a means of putting an end to inflation and for regaining credibility.

JEL-codes: F31 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0126

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