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Does monetary policy credibility help in anchoring inflation expectations? Evidence from six inflation targeting emerging economies
Güler, Aslı - In: Journal of Central Banking Theory and Practice 10 (2021) 1, pp. 93-111
data of six emerging inflation targeting economies (Turkey, Brazil, the Czech Republic, Chile, Poland, and South Africa …
Persistent link: https://www.econbiz.de/10014558525
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Interdependencies between monetary policy and foreign exchange intervention under inflation targeting: The case of Brazil and the Czech Republic
Gnabo, Jean-Yves; de Mello, Luiz; Moccero, Diego - 2008
. This paper uses a friction model to estimate intervention reaction functions and the associated marginal effects for Brazil …
Persistent link: https://www.econbiz.de/10010273432
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Inflation targeting in Brazil
Arestis, Philip; de Paula, Luiz Fernando Rodrigues; … - 2008
the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus … of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries … compare the experience of Brazil with that of non-IT countries, and ask the question of whether adopting IT makes a difference …
Persistent link: https://www.econbiz.de/10010276235
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The East European financial crisis
Åslund, Anders - 2009
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...
Persistent link: https://www.econbiz.de/10011430838
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Ganando grados de libertad: El manejo de la política monetaria en LATAM-5
Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023
By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over …
Persistent link: https://www.econbiz.de/10014545922
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Can Sterilized FX Purchases under Inflation Targeting be Expansionary?
Garcia, Márcio G. P. - 2011
Unlike common wisdom, sterilized FX purchases under inflation targeting, i.e., those that keep the interest rate at the level targeted by the central bank, generally increase aggregate demand. We resort to a simple model with a credit channel to argue that FX purchases, by funding bank credit,...
Persistent link: https://www.econbiz.de/10011807413
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Leistungsbilanzentwicklung ausgewählter Schwellenländer Asiens und Lateinamerikas: Ursachen und wirtschaftspolitische Konsequenzen
Schweickert, Rainer - 2000
Ist Südostasien anders? Dieser Frage geht Rainer Schweickert in der Kieler Studie 306 nach. Seine Analyse der Leistungsbilanzen, ihrer Teilkomponenten und ihrer Determinanten seit Anfang der 70er Jahre sowie der krisenhaften Entwicklungen in den 90er Jahren weist nach, dass diese Vermutung in...
Persistent link: https://www.econbiz.de/10010332925
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Inter-Regional Volatility Spillovers Between Emerging Capital Markets: Evidence From Turkey And Brazil
Tasdemir, Murat; Yalama, Abdullah - 2010
This study investigates volatility spillovers between two stock markets, Turkish and Brazilian, located in different regions of the world. Using a misspecification robust causality-in-variance test, we found strong evidence supporting volatility spillovers from Istanbul Stock Exchange (ISE) to...
Persistent link: https://www.econbiz.de/10010320499
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Foreign exchange interventions under inflation targeting: the Czech Experience
Holub, Tomáš - 2004
This paper discusses the role of foreign exchange interventions in the inflation-targeting regime, focusing on the Czech experience since 1998. It concludes that the case for foreign exchange interventions is not clear in an inflation targeting regime both from the theoretical and empirical...
Persistent link: https://www.econbiz.de/10010296153
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Inflation targeting by debtor central banks in emerging market economies
Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - 2010
Given buoyant capital inflows and managed exchange rates the majority of emerging market central banks have continued to accumulate massive foreign reserves. If left unsterilized, the liquidity expansion can threaten domestic macroeconomic stability. To contain domestic inflation these central...
Persistent link: https://www.econbiz.de/10010270652