Choosing an Appropriate Palestinian Monetary Regime
This chapter examines several viable monetary regimes including the introduction of a Palestinian currency operating under a managed float, a Palestinian currency operating under a currency board, a monetary union with Jordan, the status quo that permits the Jordanian dinar, Israeli shekel, and U.S....
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| Published in | Money and Finance in the Middle East: Missed Oportunities or Future Prospects? Vol. 6; pp. 183 - 199 |
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| Main Author | |
| Format | Book Chapter |
| Language | English |
| Published |
Emerald Group Publishing Limited
2005
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| Online Access | Get full text |
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| Summary: | This chapter examines several viable monetary regimes including the introduction of a Palestinian currency operating under a managed float, a Palestinian currency operating under a currency board, a monetary union with Jordan, the status quo that permits the Jordanian dinar, Israeli shekel, and U.S. dollar as legal tender, and finally, dollarization coupled with the introduction of Palestinian coins. Each of these options is compared on the basis of whether or not it enhances macroeconomic stability, provides the benefits of seignorage, deters inflation, stimulates investment, and encourages fiscal and monetary discipline. |
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| ISBN: | 0762312165 9780762312160 |
| ISSN: | 1094-5334 |
| DOI: | 10.1016/S1094-5334(05)06009-7 |