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Until 2012, the Central Bank of Iran (CBI) used its policy rate to stabilise the rial's exchange rate and, given a … Iran intensified and the value of the rial halved against the US dollar. Since then Iran has followed a dual interest rate … the exchange rate regime, this paper investigates the impact of the real exchange rate on the trade balance in Iran over …
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Exchange Rate Pass-Through (ERPT), commonly defined as the extent to which exchange rate changes are reflected in the price levels of an economy, has important implications in a number of policy-relevant areas. Despite this, estimates of ERPT in the Maltese economy are scarce and do not take...
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