01794cas a2200241 a 4500 AALejournalIMF000809 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843248 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime : The Case of the Islamic Republic of Iran. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic policy variables and exogenous shocks affect the real exchange rate primarily through the fiscal balance, and consequently, the savings-investment gap. It further illustrates that the appropriate level of REER and its medium-term path depend upon the mix of monetary, fiscal, and structural policies that underpin the evolution of inflation, balance of payments, and productivity growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/015/001.1999.issue-015-en.xml IMF e-Library