Showing 1 - 10 of 14
What is a countr y’s optimal choice of an exchange rate regime? One avenue which has gained prominence is the Optimum Currency Area criteria of pattems of shocks which suggests that a flexible exchange rate may be less costly for regions who face asymmetric shocks, since they are forced to...
Persistent link: https://www.econbiz.de/10010991725
Nepal and India are developing countries in Asia whose (hard) peg has existed for almost forty years as well as no restriction on capital mobility between both countries. However, empirical results suggest that Nepal and India do not face symmetric patterns of shocks and are thus not suitable...
Persistent link: https://www.econbiz.de/10009210160
This article discusses South Asian monetary integration in light of the Optimum Currency Area criterion of patterns of shocks. Patterns of shocks indicate the cost resulting from adjustment to balance of payments disequilibrium due to pursuing a fixed or a flexible exchange rate strategy....
Persistent link: https://www.econbiz.de/10010784331
Persistent link: https://www.econbiz.de/10010784347
Increasing financial sector development and globalization have significantly changed the naturo of macro-financial link. The paper aims to obtain insight on how these changes have impacted on the effectiveness of monetary policy management, by undergoing a case study of Nepal. The empirical...
Persistent link: https://www.econbiz.de/10010701980
The member states of the South Asian Association for Regional Cooperation have set as a target the achievement of an economic union by 2020. Reaching this goal will require greater levels of monetary cooperation. How should this be achieved? Data from South Asia suggest that member states have...
Persistent link: https://www.econbiz.de/10005825897
The prime objective and main research questions of the study are: 1) What are the practices of service sector investment liberalization and incentives from selected developing countries, and 2) How those experiences can be applied to the investment liberalization and provision of incentives in...
Persistent link: https://www.econbiz.de/10005464879
The paper examines the development of Nepalese financial system which is categorized into three different phases: the first phase is the pre-NRB period; the second phase starts with NRB Act of 1955, which is further disaggregated into two sub-periods at 1984, the start of domestic financial...
Persistent link: https://www.econbiz.de/10010711149
Hypothesis testing identifies a set of significant variables that appear to influence Nepal's monetary policy. After finding a structural break in 1989 (in line with the political regime shift), lagged Indian monetary base and the official exchange rate have respective negative and positive...
Persistent link: https://www.econbiz.de/10010718594
For the past few decades, the nature of links between financial conditions and the real macro economy (the macro-financial link) has changed. The links have expanded and deepened significantly due mainly to the following two reasons. Firstly, financial liberalisation has expanded the...
Persistent link: https://www.econbiz.de/10008690071