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Is Inflation Targeting the Best Policy Choice for Emerging Economies? A Survey of Emerging Market Experiences and Lessons for Pakistan
Khalid, Ahmed M. - 2006
In the aftermath of a major financial crisis in the 1990s, price stability has become an important argument of the future monetary policy stance in many emerging economies. As such, emerging economies in Asia and Latin America have switched to inflation targeting as their monetary policy. This...
Persistent link: https://www.econbiz.de/10009441615
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Monetary policy and disintermediation in South Africa : 1970–2010 / Michael Oldfield
Oldfield, Michael John - 2011
This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...
Persistent link: https://www.econbiz.de/10009455940
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Is inflation targeting an appropriate framework for monetary policy? : experience from the inflation-targeting countries
Maumela, Patrick Konanani - 2010
Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend.The international literature review of the topic...
Persistent link: https://www.econbiz.de/10009457851
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The New Economy and the Dollar Puzzle: the Case of Australia
Karunaratne, Neil Dias - 2002
Solow productivity paradox and spawned a New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates … and the use of the information superhighway ranks Australia next to the USA as a NE. Australia is an avid user but not a …
Persistent link: https://www.econbiz.de/10009447976
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Inflation targeting and monetary integration in European emerging market economies
Felix Hammermann - 2008
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
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A theory of managed floating
Wollmershäuser, Timo - 2003
. Neokeynesianische Modelle, auf deren Grundlage moderne Geldpolitik diskutiert wird, kommen zu dem Ergebnis, dass eine geeignete … anderes Wechselkursmodell das tatsächliche Zusammenspiel zwischen den beiden Finanzmarktgrößen Zins und Wechselkurs bestimmt … ergeben würden. Sterilisierte Devisenmarktinterventionen stellen somit ein zusätzliches Instrument der Geldpolitik dar, dass …
Persistent link: https://www.econbiz.de/10009433725
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RACIONAMENTO DE CRÉDITO NO BRASIL: EVIDÊNCIAS EMPÍRICAS PARA O SETOR EMPRESARIAL NO PERÍODO 2000 - 2005
Andrade, Wanderley Lopes De Jr.; Amin, Mario Miguel - 2008
Uma avaliação empírica da existência de racionamento de crédito, segundo Stiglitz e Weiss (1981), requer o estudo do impacto da política monetária sobre o mercado de crédito, em especial sobre a taxa de juros dos empréstimos. Desta forma, o objetivo deste artigo é analisar as...
Persistent link: https://www.econbiz.de/10009446743
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Monetary policy in less developed economies: a cross-country analysis
Buteau, Ludmilla - 2011
Monetary policy's weight in macroeconomic policy has increased over the past years, especially with the liberalization of financial markets and development of new financial instruments. With this new global economy, the gap between countries has become wider, and the less developed are...
Persistent link: https://www.econbiz.de/10009460826
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Isolating a measure of inflation expectations for the South African financial market using forward interest rates
Reid M. - 2009
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation expectations in South Africa, and offers an additional method,...
Persistent link: https://www.econbiz.de/10009480482
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Essays on asset pricing and the macroeconomy
Kliem, Martin - 2009
Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …
Persistent link: https://www.econbiz.de/10009467149