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Capital flows and central banking : the Indian experience
Gupta, Poonam - 2016
Persistent link: https://www.econbiz.de/10011431578
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From tapering to tightening : the impact of the fed's exit on India
Basu, Kaushik; Eichengreen, Barry; Gupta, Poonam - 2014
Persistent link: https://www.econbiz.de/10010438998
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Inflation targeting in India : an interim assessment
Li, Shanjun; Eichengreen, Barry; Gupta, Poonam; … - 2020
This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is … when setting policy rates. The paper does not find that the Reserve Bank of India became more hawkish following the …-targeting has enhanced the credibility of monetary policy such that the Reserve Bank of India is in a position to take extraordinary …
Persistent link: https://www.econbiz.de/10012388760
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A joint foreign currency risk management approach for sovereign assets and liabilities
Cangoz, M. Coskun; Sulla, Olga; Wang, Chun Lan; … - 2019
An asset and liability management framework for managing risks arising from sovereign foreign exchange obligations requires a joint analysis of (i) the external financial liabilities resulting from a country's sovereign debt and (ii) the foreign exchange assets of its central bank. Governments...
Persistent link: https://www.econbiz.de/10012004834
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Monetary policy in fossil fuel exporters : the curse of horizons
Arezki, Rabah - 2019
This paper examines the role of monetary policy in fossil fuel exporters at different horizons. The main argument is that central banks in these economies need to look beyond the horizon of the business cycle. In the short run, (independent) monetary policy should flexibly target inflation. In...
Persistent link: https://www.econbiz.de/10012051876
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Dollarization dilemma : price stability at the cost of external competitiveness in Cambodia
Samreth, Sovannroeun; Sánchez-Martín, Miguel Eduardo; … - 2019
Cambodia has recorded both rapid economic growth and macroeconomic stability in recent decades despite (or thanks to) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes and estimating seigniorage losses. As an attempt to...
Persistent link: https://www.econbiz.de/10012051925
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Inflation in low-income countries
Ha, Jongrim; Ivanova, Anna; Montiel, Peter; Pedroni, … - 2019
This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies,...
Persistent link: https://www.econbiz.de/10012059222
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Inflation : concepts, evolution, and correlates
Ha, Jongrim; Ivanova, Anna; Ohnsorge, Franziska; Unsal, … - 2019
In the past four to five decades, inflation has fallen around the world, with median annual global consumer price inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid-1980s and in emerging market and developing economies...
Persistent link: https://www.econbiz.de/10012005051
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Understanding inflation in emerging and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...
Persistent link: https://www.econbiz.de/10012008071
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Inflation and exchange rate pass-through
Ha, Jongrim; Stocker, M. Marc; Yilmazkuday, Hakan - 2019
The degree to which domestic prices adjust to exchange rate movements is key to understanding inflation dynamics, and hence to guiding monetary policy. However, the exchange rate pass-through to inflation varies considerably across countries and over time. By estimating structural...
Persistent link: https://www.econbiz.de/10012008174