01720cas a2200241 a 4500 AALejournalIMF007700 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848168 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Welfare Effects of Uzbekistan's Foreign Exchange Regime. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (23 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 In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan's quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased substantially with the growing difference of exchange rates. The welfare analysis allows some conclusions regarding the optimal reform strategy: (i) welfare losses will decline overproportionally as exchange rates unify; (ii) exchange rate unification should be supplemented by changing the explicit fiscal system; (iii) at a minimum, Uzbekistan would benefit from moving to an explicit fiscal regime. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/061/001.2000.issue-061-en.xml IMF e-Library