01823cas a2200289 a 4500 AALejournalIMF021581 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513572659 1018-5941 BD-DhAAL BD-DhAAL Managing the Impact of Resource Booms on the Real Effective Exchange Rate : The Role of Financial Sector Development. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (24 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 Whereas most of the literature related to the so-called 'resource curse' tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial systems with more depth, as well as those that actively manage their central banks' balance sheets experience less exchange-rate appreciation than countries that do not. We analyze the relationship between these two findings and suggest that they appear to follow separate mechanisms. Mode of access: Internet Credit Vis-A-Vis Credit imf Financial Development imf Monetary Policy imf Reer Appreciation imf Resource-Rich Countries imf IMF Working Papers; Working Paper ; No. 2021/073 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/073/001.2021.issue-073-en.xml IMF e-Library