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LES déterminants du taux de change au Maroc : Une étude empirique
El Bouhadi, A.; Elkhider, Abdelkader; Kchirid, El Mustapha - Volkswirtschaftliche Fakultät, … - 2008
One of the most important instruments of economic policy of the opened countries is the exchange rate. It is considered both a mean of monetary regulation and a tool of outside competitiveness. Morocco plans to adopt the floating exchange rate regime, in the end of 2009. Indeed, the question...
Persistent link: https://www.econbiz.de/10008490557
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Monetary policy options for mitigating the impact of the global financial crisis on emerging market economies.
Dąbrowski, Marek A.; Śmiech, Sławomir; Papież, Monika - Volkswirtschaftliche Fakultät, … - 2013
Though the hypothesis that exchange rate regimes fully predetermine monetary policy in the face of external shocks hardly finds any advocates on theoretical ground it has crept in the most of empirical research. This study adopts a more discerning empirical approach that looks at monetary policy...
Persistent link: https://www.econbiz.de/10011109484
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Toward Maghreb monetary unification:what does the theory and history tell us?
Belhadj, Aam; bangake, Chrysost; Jedlane, NABIL - Volkswirtschaftliche Fakultät, … - 2007
monetary union in many others regions of the world. Since then, the debate has moved towards the study of the parameters that … theory and considered the criteria as incomplete, since this theory insists solely on a few elements concerning the … meeting this theory’s criteria. Other economists recommend studying the history of these monetary unions so as to define the …
Persistent link: https://www.econbiz.de/10011260997
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Exchange rate stabilization under imperfect credibility
Calvo, Guillermo; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1991
This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption....
Persistent link: https://www.econbiz.de/10008596363
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Vermögenspreise und Konsum
Illing, Gerhard; Klüh, Ulrich - Volkswirtschaftliche Fakultät, … - 2004
The article illustrates how the integration of modern theory of finance and stochastic dynamic macroeconomic analysis … europäische Geldpolitik in der näheren Zukunft ergeben. …
Persistent link: https://www.econbiz.de/10005649821
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Identificarea regimului cursului de schimb valutar în republica moldova
Cibotaru, Vitalie; Neumann, Rainer; Cuhal, Radu; … - Volkswirtschaftliche Fakultät, … - 2011
It has been noted that there is an inconsistency between Moldova's monetary authorities' declared pursuit of price stability and the de facto exchange rate peg. This paper looks into the exchange rate regime of the Moldovan leu (MDL) aiming to identify the de facto regime, to test whether it can...
Persistent link: https://www.econbiz.de/10009226960
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China’s new exchange rate regime, optimal basket currency and currency diversification
Zhang, Zhichao; Shi, Nan; Zhang, Xiaoli - Volkswirtschaftliche Fakultät, … - 2011
We build an optimising framework to analyse a class of economies that adopt an ECU-type basket currency while in transition to increased flexibility of the exchange rate regime. Instead of conventional basket pegging, such an economy uses an ECU-type currency index as a benchmark for monitoring...
Persistent link: https://www.econbiz.de/10009203615
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The single global currency - common cents for the world (2008 Edition)
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2009
Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and … is the only book in the world priced in 141 currencies (down from 147 in the 2006 edition.).This number is significant … the world - trillions. The multicurrency foreign exchange trading system was developed about 2,500 years ago to enable …
Persistent link: https://www.econbiz.de/10005835646
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To be or not to be in the euro? Benefits and costs of monetary unification as perceived by voters in the Swedish euro referendum 2003
Jonung, Lars - Volkswirtschaftliche Fakultät, … - 2004
optimum currency area theory proves to be a constructive framework to predict voting behaviour across socio-economic groups … and costs across groups was a major determinant of their voting behavior. As predicted by theory, the Yes-vote was …
Persistent link: https://www.econbiz.de/10005621732
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The Single Global Currency - Common Cents for the World (2007 Edition)
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number … describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world …
Persistent link: https://www.econbiz.de/10005621973