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tests are performed between several measures of monetary shocks (consistent with other empirical works) and the real …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 …
Persistent link: https://www.econbiz.de/10005076782
The purpose of this paper is to review the performance of the monetary policy in Egypt during (1997-2003).Many salient …. The main finding after reviewing the monetary and banking policy and developments in monetary aggregate, the monetary … authorities couldn't achieve all the objectives of the monetary policy. The Egyptian pound lost 81% of its value in 2003 compared …
Persistent link: https://www.econbiz.de/10005125029
When economies "dollarize," their exchange rate and monetary policy, both considered to be sources of instability, are … failures of exchange rate and monetary management. This paper makes use of a theoretical model that shows, contrary to the … commonly accepted view, that a dollarized economy would experience financial instability in the event of external shocks should …
Persistent link: https://www.econbiz.de/10005126433
Extensive research on the linkages between monetary conditions and stock returns has been conducted in developed … believed asymmetrical relationship between changes in monetary conditions and subsequent changes in stock returns in South … monetary environment. The findings and results show that expansive (restrictive) monetary conditions serves as good (bad) news …
Persistent link: https://www.econbiz.de/10005413129
monetary authorities indeed brought about a structural break in exchange rate behavior. In more stable transition economies …, such as those in Central Europe, the monetary steps tended to stabilize the exchange rate behavior. Finally, the exchange …
Persistent link: https://www.econbiz.de/10005556048
The recent financial crisis in East Asia generated a revival of interest in the merits of financial openness. The ensuing debate on the benefits of openness has focused more on short and medium run issues than on the long run effects. Within the empirical literature on economic growth, little or...
Persistent link: https://www.econbiz.de/10005119494
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … has used monetary aggregates as a main policy instrument in conducting monetary policy. …
Persistent link: https://www.econbiz.de/10005076844
complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be …
Persistent link: https://www.econbiz.de/10005124933
complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be …
Persistent link: https://www.econbiz.de/10005124941
and the emerging economies’ domestic demand, which in turn require the establishment of an international monetary standard …
Persistent link: https://www.econbiz.de/10005124951