This paper analyses the leader followership in monetary policy coordination in South Africa, together with the Advanced, Developed and Emerging counties. The coordination of monetary policy in Advanced counties is examined in individual countries while such coordination in Developed and Emerging...

This paper analyses the leader followership phenomenon in monetary policy coordination in South Africa, the Advanced counties, Developed counties and Emerging counties. The coordination of monetary policy in Advanced counties is examined in individual countries while such coordination in...

Against the backdrop of the new Monetary Policy Committee (MPC) decisions to maintain the status quo policy rates, we analyse the post-pandemic monetary policy stance in India. Using high-frequency data, the term structure of interest rate is analyzed incorporating monetary aggregates, fiscal...

Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...

Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...

The aim of this research is to estimate the term structure of interest rates in Madagascar using the Nelson-Siegel model. The Malagasy financial market consists mainly of the money market, given the absence of a stock exchange and an underdeveloped bond market. This study uses monthly data on...

Using the information on 629 companies listed at Karachi stock exchange over a period of 40 years (1975-2014), this study finds out the effect of monetary policy and industrial dynamics over the hazard rate of both the financial and non-financial companies. The study concludes that monetary...

Using quarterly data on commercial banks operating in Pakistan over a period of 2002-2014, this study finds that banking sector in Pakistan takes more risk during ease and infection ratio increases with a rise in policy rate. In addition, with lower return on asset and small capital base, banks...

This paper describes the dependence of market-based statistical moments of returns on statistical moments and correlations of the current and past trade values. We use Markowitz’s definition of value weighted return of a portfolio as the definition of market-based average return of trades...

The aim of this research is to estimate the term structure of interest rates in Madagascar using the Nelson-Siegel model. The Malagasy financial market consists mainly of the money market, given the absence of a stock exchange and an underdeveloped bond market. This study uses monthly data on...