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The Transition to Inflation Targeting in an Emerging Economy : Selected Issues

Aguirre, Horacio - 2016

Monetary policy in Argentina is in transition to an inflation targeting regime with a floating exchange rate. As reviewed in this note, several measures have been taken to normalise the functioning of exchange rate and money markets. The next steps will present a number of challenges, many of...

Persistent link: https://www.econbiz.de/10012979147

The CNB's Foreign Exchange Reserve Management and Changes to it Since 2017

Mora, Marek - 2019

The foreign exchange reserves of the Czech National Bank (CNB) increased roughly three and a half times to EUR 124 …, the way they are recorded in the central bank's accounts and the related impact on its net profit or loss. It also …

Persistent link: https://www.econbiz.de/10012857994

Foreign Exchange Market Developments and Intervention in Korea

Ryoo, Sangdai - 2014

This paper provides an overview of the developments in the Korean foreign exchange market and the Bank of Korea …

Persistent link: https://www.econbiz.de/10013049957

Market Volatility and Foreign Exchange Intervention in EMEs : What Has Changed?

Settlements, Bank for International - 2014

Persistent link: https://www.econbiz.de/10013055969

Dollar Invoicing, Exchange Rates and International Trade

Cook, David E. - 2018

This paper studies the role of exchange rates and dollar invoicing in driving the dynamics of international trade flows. It uses a granular decomposition of trade flows at the bilateral level to highlight a bifurcation, whereby in response to a rise in US interest rates, final goods trade...

Persistent link: https://www.econbiz.de/10012923001

Finding Equilibrium : On the Relation between Exchange Rates and Monetary Policy

Edwards, Sebastian - 2018

This paper deals with the relationship between exchange rates and monetary policy in small open economies. I also discuss the connection between policy rates in small countries and in major advanced economies. A main point is that central bankers need to know whether the currency is...

Persistent link: https://www.econbiz.de/10012923002

Revisiting Exchange Rate Puzzles

Engel, Charles M. - 2018

Engel and Zhu (2017) revisit a number of major exchange rate puzzles and conduct empirical tests to compare the behaviour of real exchange rates among pairs of economies that have rigidly fixed nominal exchange rates with their behaviour among pairs of economies under floating rates. They find...

Persistent link: https://www.econbiz.de/10012923004

Foreword to : The Price, Real and Financial Effects of Exchange Rates

Settlements, Bank for International - 2018

–29 August 2017, by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS). This conference was … banks, international organisations and academia. Opening remarks at the conference were provided by HKMA Deputy Chief …

Persistent link: https://www.econbiz.de/10012923022

The Price, Real and Financial Effects of Exchange Rates

Settlements, Bank for International - 2018

The Hong Kong Monetary Authority and the Bank for International Settlements (BIS) co-hosted a research conference on … endorsed by the Asian Consultative Council of central bank Governors in February 2016.The conference brought together senior … officials and researchers from central banks, international organisations and academia. This volume is a collection of the …

Persistent link: https://www.econbiz.de/10012923023

Frontiers of Macrofinancial Linkages

Claessens, Stijn - 2018

The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp fluctuations in asset prices, credit and...

Persistent link: https://www.econbiz.de/10012929483