IMF Special Issues

Islamic Republic of Iran: Managing the Transition to a Market Economy

March 1, 2007

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Format: Chicago

Islamic Republic of Iran: Managing the Transition to a Market Economy, (USA: International Monetary Fund, 2007) accessed October 9, 2024

Summary

Iran has received much attention from a geopolitical and regional standpoint, but its economic challenges have not attracted a similar degree of interest. With a population of 69 million, considerable hydrocarbon resources, a dynamic and entrepreneurial middle class, and a relatively well-educated labor force, Iran's economic potential is considerable. This volume takes stock of critical developments in the Iranian economy in recent years. The study reviews the key issues and policy responses, highlights the nature of the challenges ahead, and draws implications for the next phase of reforms. The authors conclude that major challenges remain, although significant advances have been made in recent years in opening up the economy to international trade and foreign direct investment, encouraging the private sector, removing exchange restrictions, reforming the tax system, and enhancing macroeconomic management.

Subject: Banking, Commercial banks, Exchange rates, Financial institutions, Foreign exchange, Human capital, Labor, Oil prices, Prices, Real effective exchange rates, State-owned banks

Keywords: Africa, Bank Keshavarzi, Capital stock depreciation rate, Commercial banks, Consumption from hydrocarbon wealth, Consumption from oil wealth, Consumption path, East Africa, East Asia, Exchange rates, Food subsidy, Growth accounting exercise, Human capital, Instrument independence, International Labor Organization database, ISI, Its trading partner country, Middle East, Monetary policy framework, North Africa, North America, Northern Europe, Oil GDP, Oil prices, Rate of return on asset, Real effective exchange rates, SI, State-owned banks, Subsidy

Publication Details

  • Pages:

    100

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  • Issue:

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  • Series:

    IMF Special Issues

  • Stock No:

    ISIEA2006003

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