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Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)

Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3

The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …

Persistent link: https://www.econbiz.de/10005036707

Fighting African capital flight: timelines for the adoption of common policies

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013

This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital...

Persistent link: https://www.econbiz.de/10010862081

Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013

With earthshaking and heartbreaking trends in African capital flight provided by a new database, this paper complements existing literature by answering some key policy questions on the feasibility of and timeframe for policy harmonization in the battle against the economic scourge. The goal of...

Persistent link: https://www.econbiz.de/10010693288

Real and Monetary Policy Convergence: EMU Crisis to the CFA Zone

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

, UEMOA and CFA zones. Design/methodology/approach – In the assessments, monetary policy targets inflation and financial …

Persistent link: https://www.econbiz.de/10010862087

Are Proposed African Monetary Unions Optimal Currency Areas? Real and Monetary Policy Convergence Analysis

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

characteristics among candidate states. Design/methodology/approach – In the analysis, monetary policy targets inflation and financial …

Persistent link: https://www.econbiz.de/10010862093

African Financial Development Dynamics: Big Time Convergence

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

Purpose - Assessment of African financial development dynamic convergences in money, credit, efficiency and size. Design/Methodology - The empirical evidence is premised on 11 homogenous panels based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and...

Persistent link: https://www.econbiz.de/10010695987

Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2012

inflation and financial dynamics of depth, efficiency, activity and size; real sector policy targets economic performance in …

Persistent link: https://www.econbiz.de/10010695995

REER Imbalances and Macroeconomic Adjustments in the Proposed West African Monetary Union

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2013

With the spectre of the Euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyze REERs imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed...

Persistent link: https://www.econbiz.de/10010862100

Non-linear "Tuning" of Frankel's Exchange Rate Model

Michl, Aleš - In: Acta Oeconomica Pragensia 2005 (2005) 1, pp. 70-81

In this essay I've demonstrated that there is evidence of unstable and non-linear relationship between fundamental variables and exchange rates. I have tried to "tune" Frankel's (1979) real interest differential model of exchange rate fluctuation. I have distinguished between Czech crown/Euro...

Persistent link: https://www.econbiz.de/10005036477

Real Effective Exchange Rate Imbalances and Macroeconomic Adjustments: evidence from the CEMAC zone

Asongu, Asongu Simplice - African Governance and Development Institute (AGDI) - 2014

We assess the behavior of real effective exchange rates (REERs) of members of the CEMAC zone with respect to their long-term equilibrium paths. A reduced form of the fundamental equilibrium exchange rate (FEER) model is estimated and associated misalignments are derived for the period 1980 to...

Persistent link: https://www.econbiz.de/10011079380