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This paper takes an overview over the historical paths toward the Economic and Currency Union launched in EU in the post-WWII era. Namely, it covers Snakes, European Monetary System, and establishment of the Economic and Currency Union. Moreover, the paper analyzes the uniform monetary policy...
Persistent link: https://www.econbiz.de/10004980385
known about the consequences of inflation targeting credibility on both monetary policy and monetary policy transmission … channels in developing countries that adopted inflation targeting. Emphasizing the role of transparency and the credibility of …
Persistent link: https://www.econbiz.de/10011271311
-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the …
Persistent link: https://www.econbiz.de/10008596363
In an information transmission situation, a sender's concern for its credibility could endow itself with an invisible …, the sender can achieve its favored outcome without losing its credibility, which stays true even when the sender and the … receiver have contradictory preferences. Therefore, the sender's concern for its credibility could result in less truthful …
Persistent link: https://www.econbiz.de/10005789900
operational independence in May 1997. It also checks if this credibility measure has increased the predictability of BoE decisions … influence more English interest rate volatility after May 1997. This results suggests that the credibility and/or transparency … by the BoE and the evolution of the transparency and credibility index suggest that the BoE transparency and credibility …
Persistent link: https://www.econbiz.de/10005837520
inflation expectations equation which assumes a high degree of credibility of the CBI. This equation, however, lacks empirical …
Persistent link: https://www.econbiz.de/10005619966
We quantify the effects of monetary policy transparency and credibility on macroeconomic volatility in an estimated …
Persistent link: https://www.econbiz.de/10005620140
This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime.In order to achieve this, the paper is organized as follows : Section 2 introduces the distinct classifications of exchange regimes(de jure exchange rate regimes versus...
Persistent link: https://www.econbiz.de/10011109757
that compromise its future actions. The same one affects the credibility of the governmental decisions and generates social …
Persistent link: https://www.econbiz.de/10011110136
revealed the absence of cointegration between the DJIM index and three conventional indexes such as DAX, HangSeng, KL. This … cointegrated, which implies there exists long run theoretical relationship among the indices. Presence of cointegration indicates …
Persistent link: https://www.econbiz.de/10011267863