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Inflation Mechanisms, Expectations and Monetary Policy in Saudi Arabia
(SAMA), Saudi Arabian Monetary Agency - 2016
Saudi Arabia is a fiscally dominant open economy. The exchange rate anchor provides the long -term framework for monetary policy. There is only limited scope to diverge from US interest rates but SAMA retains flexibility in deploying prudential guidelines, adjusting reserve requirements and...
Persistent link: https://www.econbiz.de/10012979007
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IS U.S. MONEY CAUSING CHINA'S OUTPUT?
Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009
This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results indicate that the main monetary instrument in the U.S.,...
Persistent link: https://www.econbiz.de/10004999560
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Cash on trial
Beer, Christian; Gnan, Ernest; Birchler, Urs W.; … - Conference "Cash on Trial" <2015, Zürich>; SUERF - The …; … - 2016
Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...
Persistent link: https://www.econbiz.de/10011548098
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A tacit monetary policy of the Gulf countries : is there a remittances channel?
Termos, Ali; Genc, Ismail H.; Naufal, George - 2015
The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of monetary policy, and the adoption of the U.S. dollar as the trading currency for oil. This paper examines how these dynamics result in a misalignment of the U.S. monetary...
Persistent link: https://www.econbiz.de/10010472482
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Legal Aspects of Central Bank Digital Currency : Central Bank and Monetary Law Considerations
Bossu, Wouter; Itatani, Masaru; Margulis, Catalina; … - 2021
This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and reputational risks for central banks. While the appropriate design of the legal framework will...
Persistent link: https://www.econbiz.de/10013252024
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Remittance flows and U.S. monetary policy
Machasio, Immaculate; Tillmann, Peter - 2021 - This version: October 27, 2021
Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this … paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean … remittance inflows into eight countries. A surprise change in U.S. monetary conditions has a strong and highly significant …
Persistent link: https://www.econbiz.de/10012694427
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No gender please, we're central bankers : distributional impacts of quantitative easing
Metzger, Martina; Young, Brigitte - 2020
sending channels increase access to financial services for remittance-sending and remittance-receiving households. Africa, and …
Persistent link: https://www.econbiz.de/10012174434
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Migrants remittances influence on fiscal sustainability in dependent economies
Simionescu, Liliana; Dumitrescu, Dalina - In: Amfiteatru economic : an economic and business research … 19 (2017) 46, pp. 640-653
Migrants’ remittances are an important financial flow to their country of origin. Remittances sent by migrants reduce the level and severity of poverty in developing countries. Householders use this money received from migrants for their private consumption and their investments. This paper...
Persistent link: https://www.econbiz.de/10011793525
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What's Different About Monetary Policy Transmission in Remittance-Dependent Countries?
Barajas, Adolfo - 2016
Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail … transparent borrowers and undertake econometric analysis providing evidence that increased remittance inflows are associated with …
Persistent link: https://www.econbiz.de/10012995201
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A Tacit Monetary Policy of the Gulf Countries : Is There a Remittances Channel?
Termos, Ali A. - 2015
The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of monetary policy, and the adoption of the U.S. dollar as the trading currency for oil. This paper examines how these dynamics result in a misalignment of the U.S. monetary...
Persistent link: https://www.econbiz.de/10013028190