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Fixed or Floating Exchange Regimes : Does it Matter for Inflation?
Quirk, Peter J. - 1994
regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has generally been a by …-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility depend on the country …
Persistent link: https://www.econbiz.de/10014398350
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The relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa
Stotsky, Janet G.; Ghazanchyan, Manuk; Adedeji, Olumuyiwa S. - 2012
Persistent link: https://www.econbiz.de/10009618576
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The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa
Stotsky, Janet Gale - 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/10014412156
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Currency Boards : The Ultimate Fix?
Ghosh, Atish R. - 1998
forms of pegged exchange rate regime. Currency boards are indeed associated with better inflation performance, even allowing … for potential endogeneity of the choice of regime. Perhaps more surprisingly, this better inflation performance is …
Persistent link: https://www.econbiz.de/10014400661
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Exchange rate liberalization in selected Sub-Saharan African countries : successes, failures, and lessons
Mæhle, Nils Øyvind; Teferra, Haimanot; Chačatjan, Armine - 2013
Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before...
Persistent link: https://www.econbiz.de/10012671066
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Monetary policy under an exchange rate anchor
El Hamiani Khatat, Mariam; Buessing-Loercks, Mark; … - 2020
while the policy rate can target the exchange rate. An exchange rate anchor is compatible with an inflation objective …
Persistent link: https://www.econbiz.de/10012302036
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Monetary policy frameworks : an index and new evidence
Unsal, D. Filiz; Papageorgiou, Chris; Garbers, Hendre - 2022
We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...
Persistent link: https://www.econbiz.de/10013170321
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Foreign Exchange Intervention in Developing and Transition Economies : Results of a Survey
Canales Kriljenko, Jorge Iván - 2003
Based on evidence obtained from the IMF''s 2001 Survey on Foreign Exchange Market Organization, the author argues that, for several reasons, some central banks in developing and transition economies may be able to conduct foreign exchange intervention more effectively than the central banks of...
Persistent link: https://www.econbiz.de/10014403657
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China's evolving exchange rate regime
Das, Sonali - 2019
China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de...
Persistent link: https://www.econbiz.de/10012009461
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Liquidity management under fixed exchange rate with open capital account
El Hamiani Khatat, Mariam; Veyrune, Romain Michel - 2019
This paper introduces a theoretical framework for liquidity management under fixed exchange rate arrangement, derived from the price-specie flow mechanism of David Hume. The framework highlights that the risk of short-term money market rates un-anchoring from the uncovered interest rate parity...
Persistent link: https://www.econbiz.de/10012009594