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Expectation, Excess Liquidity and Inflation Dynamics in China
Yang, Jisheng - In: Frontiers of Economics in China 5 (2010) 3, pp. 421-429
investigate the inflation dynamics and the effect of excess liquidity in China. According to the estimation result, some soundly … conclusions can be drawn. Firstly, the empirical results indicate that the HNKPC is consistent with the nature of inflation … dynamics in China, which posits the inflation dynamics as the combination of backward looking adaptive expectations and forward …
Persistent link: https://www.econbiz.de/10011015245
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Republic of Armenia; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; a...
International Monetary Fund (IMF); International … - 2006
developments should be monitored closely and monetary policy tightened further should inflation pressures increase. The …
Persistent link: https://www.econbiz.de/10011244639
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The Federal Democratic Republic of Ethiopia; Second Review of the Arrangement under the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and...
International Monetary Fund (IMF); International … - 2010
Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to …
Persistent link: https://www.econbiz.de/10011244982
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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What Determine China’s Inflation?
Yiping, Huang; Xun, Wang; Xiuping, Hua - East Asian Bureau of Economic Research (EABER) - 2010
We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …
Persistent link: https://www.econbiz.de/10009363914
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Algeria; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2004
Algeria remains heavily dependent on the hydrocarbon sector and still maintains a sizable and inefficient state-owned enterprise sector. Against this background, the paper addresses two different issues with important implications for macroeconomic stability in Algeria. The paper proposes the...
Persistent link: https://www.econbiz.de/10005824982
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Economic Policy in a Highly Dollarized Economy; The Case of Cambodia
International Monetary Fund (IMF); International … - 2003
This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of...
Persistent link: https://www.econbiz.de/10005590965
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Vanuatu; Background Paper
International Monetary Fund (IMF); International … - 1996
This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands...
Persistent link: https://www.econbiz.de/10005590970
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Money and inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - Wirtschaftswissenschaftliche Fakultät, … - 2011
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …
Persistent link: https://www.econbiz.de/10009149356