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 results suggest that, as oil production and foreign exchange earnings fall, the Yemeni...

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Bibliographic Details
Main Author: Schneider, Todd.
Other Authors: Ben Ltaifa, Nabil., Ahmed, Faisal., Chami, Saade.
Format: Electronic
Published: Washington : International Monetary Fund, 2007.
Series:IMF Working Papers.
Online Access:Click for online access