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Exchange Rate Risk and Convergence to the Euro
Orlowski, Lucjan T - EconWPA - 2005
This paper proposes a new monetary policy framework for effectively navigating the path to adopting the euro. The proposed policy is based on relative inflation forecast targeting and incorporates an ancillary target of declining exchange rate risk, which is suggested as a key criterion for...
Persistent link: https://www.econbiz.de/10005412757
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Money Rules For The Eurozone Candidate Countries
Orlowski, Lucjan T - EconWPA - 2005
converging to a common currency system, in particular, by the eurozone candidate countries. The analytical framework assumes an …, in this case, is the eurozone’s inflation forecast. The study advances a forward-looking money growth model that might be … applied to aid monetary convergence to the eurozone. However, feasibility of adopting money growth rules depends on stable …
Persistent link: https://www.econbiz.de/10005076831
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Latin American Central Bank Reform: Progress and Challenges
Carstens, Agustin; Luis I. Jacome H. - EconWPA - 2005
This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...
Persistent link: https://www.econbiz.de/10005126474
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case.
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005125534
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005134760
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005407807
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Trade Balance and Exchange-Rate for a Small Open Economy during the EMS: The Hellenic Case 1983:1-1995:12
Theodoros, Stamatopoulos - EconWPA - 2005
We are interested on assessing the effectiveness of the Bank of Greece (BoG) exchange rate policy, to achieve the objective of adjusting balance of payments des-equilibrium, during the period 1983:1-1995:12. The traditional theory of the balance of payments adjustment process through exchange...
Persistent link: https://www.econbiz.de/10005408156
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005412587
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005556643
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Net Foreign Assets Management and Capital Account Liberalization. The Romanian Case
Neagu, Florian - EconWPA - 2003
EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...
Persistent link: https://www.econbiz.de/10005561282