01706cas a2200241 a 4500 AALejournalIMF002473 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855937 1018-5941 BD-DhAAL BD-DhAAL Bhattacharya, Rina. Exchange Rate Regime Considerations for Jordan and Lebanon / Rina Bhattacharya. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (42 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 addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in the context of the literature on optimum currency areas and the arguments concerning the use of the exchange rate as a nominal anchor for the economy. It presents some empirical results on the nature of output shocks in Jordan and Lebanon in the recent past, on the price sensitivity of exports from Jordan, and on currency and asset substitution in both countries. It does not directly address the issue of whether the current exchange rate in either country is overvalued or not, nor does it discuss the issue of an appropriate exit strategy from the current peg. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/137 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/137/001.2003.issue-137-en.xml IMF e-Library