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The Latin American and Caribbean Energy Review 2003

Garrón, Mauricio; Villarreal, Alejandro; Chiliquinga, Byron - EconWPA - 2005

The 2003 Energy review,contains information about the 2003 energy situation of each of our member countries, regional data, as well as economic and social indicators corrected and extended through historical series. It presents and innovative structure for analysis that allows the reader to...

Persistent link: https://www.econbiz.de/10005118923

Currency Boards and Productivity Growth

Canavese, Alfredo - EconWPA - 2004

The paper studies the ways an economy working under a currency board could adjust when capital inflows stop suddenly. Six alternative solutions to restore the economic equilibrium are available when the sudden stop comes: a recession could push the prices of non-tradable goods down, a...

Persistent link: https://www.econbiz.de/10005561288

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

Exchange Rates Forecasting Model: An Alternative Estimation Procedure

Baharumshah, Ahmad Zubaidi; Sen, Liew Khim; Ping, Lim Kian - EconWPA - 2003

This study proposes an alternative procedure for modelling exchange rates behaviour, which is a linear combination of a long-run function and a short-run function. Our procedure involves modelling of the long- run relationship and this is followed by the short-run function. Among all the...

Persistent link: https://www.econbiz.de/10005408205

Exchange Rate and Trade Balance Relationship: The Experience of ASEAN Countries

Liew, Khim-sen; Lim, Kian-Ping; Hussain, Huzaimi - EconWPA - 2003

This study addresses the question of whether exchange rate changes have any significant and direct impact on trade balance. By examining the trade balances between ASEAN-5 countries and Japan for the sample period from 1986 to 1999, this study found that the role of exchange rate changes in...

Persistent link: https://www.econbiz.de/10005119300

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 function of the central bank

Stanners, Walter - EconWPA - 2002

The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...

Persistent link: https://www.econbiz.de/10005561324

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 first analyzed before a detailed empirical analysis is done. We apply …

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