Similar Search Results

The Indian Exchange Rate and Central Bank Action : A GARCH Analysis

Goyal, Ashima; Arora, Sanchit - East Asian Bureau of Economic Research (EABER) - 2010

, intervention and other quantitative measures, and of Central Bank communication on exchange rate volatility. Since India has a …

Persistent link: https://www.econbiz.de/10009363921

The Indian exchange rate and Central Bank action: An EGARCH analysis

Goyal, Ashima; Arora, Sanchit - In: Journal of Asian Economics 23 (2012) 1, pp. 60-72

quantitative measures, on exchange rate level and volatility, and compare these to the impact of Central Bank communication using … strongly affect the Rupee/Dollar level and volatility. The interest rate differential has strong perverse effects, tending to … increase variance and depreciate the Indian currency. News decreases volatility as it adds to scarce information. Domestic …

Persistent link: https://www.econbiz.de/10010572339

Exchange Rate Pass-Through to Consumer Prices in South Africa: Evidence from Micro-Data

Aron, Janine; Creamer, Kenneth; Muellbauer, John; … - C.E.P.R. Discussion Papers - 2013

A sizeable literature examines exchange rate pass-through to disaggregated import prices but very few micro-studies focus on consumer prices. This paper explores exchange rate pass-through to consumer prices in South Africa during 2002-2007, using a unique data set of highly disaggregated data...

Persistent link: https://www.econbiz.de/10011084277

The ECB and the Euro

Bénassy-Quéré, Agnès - In: La Lettre du CEPII (1999) 182

Persistent link: https://www.econbiz.de/10005607380

Towards a Flexible Exchange Rate Policy in Russia

Beck, Roland; Barnard, Geoff - Economics Department, Organisation de Coopération et … - 2009

In the years preceding the onset of the global financial crisis, the Central Bank of Russia (CBR) had two goals: to reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the ten years through the first half of 2008, the de...

Persistent link: https://www.econbiz.de/10008498033

exchange market pressure

Jager, Henk; Klaassen, Franc - Palgrave Macmillan

Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This...

Persistent link: https://www.econbiz.de/10009395639

Monetary Policy Frameworks in Asia: Experience, Lessons, and Issues

Morgan, Peter J. - Asian Development Bank Institute, Asian Development Bank - 2013

This paper reviews the history of East Asian monetary policy frameworks since 1990; describes current monetary policy frameworks, including issue of price versus financial stability for a central bank and the policies a central bank can use to manage financial stability; the monetary policy...

Persistent link: https://www.econbiz.de/10010991109

On the nature of shocks driving exchange rates in emerging economies

Kolev, Galina V. - FIW - 2015

The paper analyzes the sources of exchange rate movements in emerging economies in the context of monetary tapering by the Federal Reserve. A structural vector autoregression framework with a long-run restriction is used to decompose the movements of nominal ex-change rates into two components:...

Persistent link: https://www.econbiz.de/10011185017

Inflation Targeting in Colombia, 2002–12

Hofstetter, Marc; Hamann, Franz; Urrutia, Miguel - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2014)

After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...

Persistent link: https://www.econbiz.de/10010945756

Defending against speculative attacks – It is risky, but it can pay off

Erler, Alexander; Bauer, Christian; Herz, Bernhard - In: Journal of Banking & Finance 47 (2014) C, pp. 309-330

While currency crises are typically considered to be painful and costly events, a closer look reveals that economic developments after a speculative attack differ considerably. Monetary authorities can play a central role in determining the economic course and costs of currency crises. They have...

Persistent link: https://www.econbiz.de/10010931656

1
2
3
4
5
6
7
8
9
10
Next
Last