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A Preliminary Evaluation of Monetary Policy Rules for Russia

Souza, Lucio Vinhas de - EconWPA - 2004

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …

Persistent link: https://www.econbiz.de/10005076844

Exchange RAte Dynamics with Financial Repression: A Test of Exchange Rate Models for India

Kohli, Renu; Kletzer, Kenneth - EconWPA - 2004

This paper examines the relevance of the monetary approach for exchange rate behaviour in India, unde rthe managed float regime. It finds supprot for purchaisng power parity in traded goods and that the monetary approach provdies a reasonable description of exchange rate behaviour in the period...

Persistent link: https://www.econbiz.de/10005408178

Real Exhange Rate Stationarity in Managed Floats: Evidence From India

Kohli, Renu - EconWPA - 2004

This paper tests for mean-reversion in real exchange rates for India during the recent (managed) float period yield evidence of mean- reversion in the real exchange rate series constructed with the consumer price index as deflator as well as for a series constructed using the ratio of wholesale...

Persistent link: https://www.econbiz.de/10005408185

Currency Substitution, Unoffical Dollarization and Estimates of Foreign Currency Held Abroad: The Case of Croatia

Feige, Edgar L.; Faulend, Michael; Sonje, Velimir; … - EconWPA - 2001

This paper employs new estimates of US currency held abroad to determine the degree of unofficial or de facto dollarization that has taken place in key countries around the world. Empirical estimates of foreign currency in circulation permits refined definitions of unofficial dollarization...

Persistent link: https://www.econbiz.de/10005556659

A look at exchange rate and monetary policy in Malawi

Simwaka, Kisu - EconWPA - 2004

A LOOK AT EXCHANGE RATE AND MONETARY POLICY IN MALAWI* Prepared by K Simwaka Research & Statistics Department Reserve Bank of Malawi Abstract The paper assesses whether the exchange rate is affected by monetary policy and whether these effects are permanent or transitory. The paper takes the...

Persistent link: https://www.econbiz.de/10005076782

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

Using nonlinear unit root tests developed by Kapetanios et al. (2003), we find strong evidence that the Consumer Price Index (CPI) and Wholesale Price Index (WPI) based Malaysian Ringgit – U.S. Dollar (MYR/USD) real exchange rates are nonlinear stationary, implying that MYR/USD nominal...

Persistent link: https://www.econbiz.de/10005124933

Exchange Rate – Relative Price Relationship: Nonlinear Evidence from Malaysia

Liew, Venus Khim-Sen; Lim, Kian-Ping; Lau, Evan; … - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005124941

The impact on the U.S. Dollar of the conflict between the American locomotive’s model and the emerging economies’ autopoietic growth.

Viviani, Carlo; Savona, Paolo - EconWPA - 2005

The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which requires exogenous pushes coming permanently...

Persistent link: https://www.econbiz.de/10005124951

Analizing the ööperformance of the monetary policy in Egypt during (1997-2003)(in Arabic).

Elasrj, Hussein A. Motlb - EconWPA - 2004

The purpose of this paper is to review the performance of the monetary policy in Egypt during (1997-2003).Many salient economic lows and decrees were promulgated, such as the law NO 88/2003 on the central bank of Egypt(CBE),the banking system and currency. Also the decree on liberalizing the...

Persistent link: https://www.econbiz.de/10005125029

IS INFLATION ALWAYS AND EVERYWHERE A NON-MONETARY PHENOMENON: EVIDENCE FROM UGANDA

David, KIHANGIRE Asiimwe; Albert, MUGYENYI - EconWPA - 2005

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating inflation to monetary and other non-monetary factors is...

Persistent link: https://www.econbiz.de/10005125496