01920cas a2200253 a 4500 AALejournalIMF004459 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864861 1018-5941 BD-DhAAL BD-DhAAL Elborgh-Woytek, Katrin. Beauty Queens and Wallflowers : Currency Unions in the Middle East and Central Asia / Katrin Elborgh-Woytek, Julian Berengaut. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (26 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 Against the background of the theory of optimum currency areas, the paper analyzes possible sequences for establishing a currency union (CU) in the Middle East and Central Asia region. Between the corner solutions of independent currencies for all countries in the region and a CU comprising all countries, a large number of combinations of member countries in the CU is possible. The analysis aims to determine the composition of potential CUs as a function of the country initiating the CU, an exogenously determined number of currencies in the region, and the weight attached to the particular selection criteria. Within this framework, the study seeks to establish whether some countries are consistently selected at early stages of the process, while others join only at later stages. Mode of access: Internet Berengaut, Julian. IMF Working Papers; Working Paper ; No. 2006/226 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/226/001.2006.issue-226-en.xml IMF e-Library