Karimi, Mohammad Sharif; Ghodsi, Mahdi; Stehrer, Robert - 2020
Until 2012, the Central Bank of Iran (CBI) used its policy rate to stabilise the rial's exchange rate and, given a … Iran intensified and the value of the rial halved against the US dollar. Since then Iran has followed a dual interest rate … the exchange rate regime, this paper investigates the impact of the real exchange rate on the trade balance in Iran over …