 | Jordan's International Reserve Position : Justifiably Strong Author/Editor: Stanley Watt, Donal McGettigan, Saade Chami. Release Date:May, 2007 Jordan has seen a large increase in its international reserve holdings in recent years. While a healthy reserve buffer is needed under a fixed exchange rate regime, determining optimal reserve levels more...
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| Yemen : Exchange Rate Policy in the Face of Dwindling Oil Exports Author/Editor: Todd Schneider, Nabil Ben Ltaifa, Faisal Ahmed, Saade Chami. Release Date:January, 2007 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 more...
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| Can a Rule-Based Monetary Policy Framework Work in a Developing Country? The Case of Yemen Author/Editor: Selim Elekdag, Nabil Ben Ltaifa, Todd Schneider, Saade Chami. Release Date:January, 2007 Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to more...
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| What Are the Potential Economic Benefits of Enlarging the Gulf Cooperation Council? Author/Editor: Selim Elekdag, Saade Chami, Ivan Tchakarov. Release Date:August, 2004 This paper uses a variant of the IMF's Global Economy Model (GEM) to estimate the macroeconomic effects of Yemen's full accession into the Gulf Cooperation Council (GCC). After calibrating the model more...
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