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Traditionally, the task of monetary management is usually performed by the monetary authority on behalf of government. However, a key challenge in monetary management is how to deal with uncertainty. Thus, the relevant policy questions must include how best the available instruments of monetary...
Persistent link: https://www.econbiz.de/10011108535
The paper updates a warning launched by the author a year earlier regarding the effects of Inward/Outward Processing Trade flows, already entered a marginal decrease path. The high volatility of these flows, totally escaping the perception of decision makers, is threatening Romania’s...
Persistent link: https://www.econbiz.de/10008685042
The objective of the study is to assess and analyze sustainability of overall public debt and sustainability of external debt of Pakistan using the debt dynamic equation for the period 1971-2008. The study has analyzed public debt sustainability through interest rate and growth rate differential...
Persistent link: https://www.econbiz.de/10011259292
interbank interest rate and to an accelerating inflation rate during the pre-crisis years. In contrast, a dramatic change in the … rate close to the central bank's policy rate and a sharp deceleration in the inflation rate in the post-crisis period. The …
Persistent link: https://www.econbiz.de/10011107831
Financial sector companies are different from those in the real sector. In the real sector the price for consumer goods and services is a price reflecting all costs which have been made to produce the output. Profits reflect the difference between the sales price and the costs base. The...
Persistent link: https://www.econbiz.de/10011259435
This study investigates the determinants of the various components of debt—short- and long-term debt and their categories—in the case of nonfinancial listed firms in Pakistan for the period 2008–10. We make a significant distinction between these determinants depending on the components of...
Persistent link: https://www.econbiz.de/10011260986
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10005014711
held responsible for devastating inflation and was abandoned during the Ming Dynasty. Going forward in time, uprisings and … discontent have emphasized the importance of controlling inflation. The central bank is pivotal in issuing monetary policy to … control inflation and to maintain financial stability as the government transforms itself from a planned economy to a mixed …
Persistent link: https://www.econbiz.de/10009323474
The paper examines the welfare implications of price targeting from the perspective of when central bank has credibility of persistently achieving the target rates and when people have lost confidence on such credibility. In the former, it was observed that the principle of Pareto optimality...
Persistent link: https://www.econbiz.de/10011110787
This paper critically examines the dynamic interaction between monetary policy tools in stimulating economic growth, as well as stabilizing the economy from external shocks in Nigeria. The paper considered key monetary time series variables and real growth of output in formulating Vector...
Persistent link: https://www.econbiz.de/10009397156