Management of Petro-incomes and Foreign Exchange Reserve in National Development Plans

Author(s):

Bayazid Mardoukhi

Abstract:
To establish a foreign exchange reserve fund is one mechanism for managing oil incomes. These funds have been established often with the idea of offsetting fluctuations in oil-income or of providing savings for future generations, but in most countries they have been used for purposes contrary to their original establishment. This article examines the theoretical bases for oil income funds and their applications in Iran
Language:
Persian
Published:
Journal of Economy and Society, Volume:2 Issue: 5, 2006
Page:
8
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