Valadkhani, Abbas; Nameni, Majid - In: Journal of Economic Studies 38 (2011) May, pp. 186-202
Purpose – The Iranian currency (rial) depreciated on average 12.2 per cent per annum against the US dollar during the period 1960-1998 but, despite continued two-digit rates of inflation, the rial has witnessed only a meagre 1.7 per cent fall in its value in the post-1998 era. This paper seeks...