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Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

International Monetary Fund (IMF); International … - 2012

exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …

Persistent link: https://www.econbiz.de/10010790331

The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

International Monetary Fund (IMF); International … - 2012

, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …

Persistent link: https://www.econbiz.de/10010790391

Czech Republic; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM),...

Persistent link: https://www.econbiz.de/10005591123

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Macroeconomic Effects of EU Transfers in New Member States

International Monetary Fund (IMF); International … - 2008

Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help...

Persistent link: https://www.econbiz.de/10005768795

Arab Republic of Egypt; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on the Arab Republic of Egypt examines the dynamic relationship between the nominal exchange rate and prices during Egyptâ€™s exit from a managed exchange rate regime. The exit from the peg went through several phases, including a series of step devaluations...

Persistent link: https://www.econbiz.de/10005598880

Sri Lanka; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

This paper explores how monetary policy affects other macroeconomic variables, mainly output and inflation. First, it …

Persistent link: https://www.econbiz.de/10005599120

Lithuania; Recent Economic Developments

International Monetary Fund (IMF); International … - 1996

This paper reviews economic developments in Lithuania during 1993â€“96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...

Persistent link: https://www.econbiz.de/10005825020

Islamic State of Afghanistan; Rebuilding a Macroeconomic Framework for Reconstruction and Growth

International Monetary Fund (IMF); International … - 2003

In this study, economic developments and achievements, the role of the IMF, strong economic recovery, the formulation and implementation of the governmentâ€™s budgetary policy, and the progress made in rebuilding fiscal institutions are first discussed in detail. An overview of the...

Persistent link: https://www.econbiz.de/10005825362

Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime

International Monetary Fund (IMF); International … - 2002

Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy,...

Persistent link: https://www.econbiz.de/10005826081