effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects. Iran … whether the conventional wisdom still applies to Iran and concludes that the emergence of the nonoil export sector has made …

rial by employing cointegration technique. It is shown that in a oil producing country like Iran due to rent …

black market rate, as evidenced by the behavior of the Central Bank of Iran …

-revolutionary Iran and the bounds testing approach. Our results reveal that indeed, exchange rate volatility has short-run as well as … long-run effects on the demand for real M2 monetary aggregate in Iran. …