Iran’s currency has once again fallen against the dollar following the US withdrawal from the nuclear deal. This column explores the inflationary impact of speculative attacks on the rial, as well as the policy responses from the government and the central bank. Such episodes – and subsequent overshooting – have proven to be highly disruptive to the country, with lasting adverse social and economic effects.
Ida MirzaieSenior Lecturer, Ohio State University
Ida Mirzaie received her Ph.D. in economics from the University of Wisconsin in Milwaukee. She joined the Ohio State University in 2000 where she is a senior lecturer in the department of Economics. She has held assistant professor positions at John Carroll University in Cleveland, Ohio and DePaul University in Chicago, Illinois, teaching undergraduate and MBA level courses. Dr. Mirzaie is a research fellow at the Economic Research Forum for Arab countries, Turkey and Iran. Dr. Mirzaie’s research topics include investigating the effects of the dollar fluctuations on the U.S. economy, determinants of consumer confidence and debt stress in the U.S., and the effects of government economic policies in Middle East. Dr. Mirzaie serves as a faculty advisor for United Nation Association-Columbus chapter in their joint internship program with International Studies department in addition to advising two student organizations at the OSU, United Nation Association of Columbus Student Alliance, and STAND: A Student Anti-Genocide Coalition. She is an ERF Research Fellows.