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How well does the monetary exchange rate model explain exchange rate behaviour in Nigeria? Using the Johansen -Juselius (1990) and Johansen (1991) cointegration technique, this paper examines the long-run validity of the monetary exchange rate model in Nigeria for the flexible exchange rate...
Persistent link: https://www.econbiz.de/10011108296
This is the chartbook of individual country exchange rate histories and their experience with parallel markets, 1946-2001 that accompanies "The Modern History of Exchange Rate Arrangements: A Reinterpretation." We develop a novel system of reclassifying historical exchange rate regimes. One key...
Persistent link: https://www.econbiz.de/10005789352
In this paper, we investigate whether the currency substitution can affect the exchange rate uncertainty for the Turkish economy. Considering the whole time period 1987M01-2006M12 as well as thesub-periods 1987M01-1999M12 and 2001M03-2006M12 for sensitivity analysis, our estimation results...
Persistent link: https://www.econbiz.de/10008623473
investors to invest more in Indian equity markets. Furthermore, domestic inflation exerts negative and positive significant … essentially determined by exchange rate, domestic inflation, domestic equity market returns, returns and risk associated with US …
Persistent link: https://www.econbiz.de/10011113277
-capita income and inflation has been analyzed. It is found that the first policy instrument, i.e. decrease in budget deficit has … affected employment, income distribution and inflation adversely. The second policy instrument of imposition of indirect tax … negatively affected the employment, income distribution, per capita income and positively affected the inflation. The third …
Persistent link: https://www.econbiz.de/10009372518
general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …
Persistent link: https://www.econbiz.de/10014395994
The purpose of this paper is to estimate the equilibrium real exchange rate and derive the degree of misalignment for five MENA currencies: the Algerian Dinar, the Moroccan Dirham, the Egyptian Pound, the Tunisian Dinar and the Turkish lira. Exchange rate policy represents a key tool in...
Persistent link: https://www.econbiz.de/10005616891
inflation, controlled public deficits, and cautious exchange rate policy. In brief, the macroeconomic environment has been … the effects of FDI on productivity. In a third time, we try to link the two leverage factors; in order to determine the … impact of exchange rate policies on flows of FDI (and productivity). The originality of our approach lies to two levels …
Persistent link: https://www.econbiz.de/10011260328
Exchange rate remains one of the principal determinants of a nation’s external balance and fiscal status of most emerging economies. How better its fluctuation is managed has a long way to go with the performance of major macroeconomic variables in a country. It is behind this backdrop that...
Persistent link: https://www.econbiz.de/10011260824
with the same currency. Countries adopting full dollarization of its economy profit immensely as low inflation and low …
Persistent link: https://www.econbiz.de/10011261096