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The portfolio theory of inflation and policy (in)effectiveness
Bossone, Biagio - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-33, pp. 1-25
The analysis of open macroeconomies typically assumes (implicitly or explicitly) that resource allocation decisions are taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical allocation decisions are taken by global investors and...
Persistent link: https://www.econbiz.de/10012012434
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Modelling central bank behaviour in Nigeria: A Markov-switching approach
Ayinde, Taofeek Olusola; Bankole, Abiodun S.; Adeniyi, … - In: Central Bank Review (CBR) 20 (2020) 4, pp. 213-221
The study models the behaviour of the Central Bank of Nigeria. An extended Taylor's framework that accounted for exchange rate dynamics and political risk factors was adopted. In order to capture both ex-ante and ex-post behaviours of the monetary authority in the country, Markov-Switching...
Persistent link: https://www.econbiz.de/10014547759
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The dynamics of money supply, exchange rate and inflation in Nigeria
Akinbobola, T. O. - In: Journal of applied finance & banking 2 (2012) 4, pp. 117-141
This paper aims at providing quantitative analysis of the dynamics of money supply, exchange rate and inflation in Nigeria. The paper utilizes secondary data that were obtained from the International Financial Statistics (IFS), of all variables investigated in the model. The sample covers...
Persistent link: https://www.econbiz.de/10009673069
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The dynamic effects of oil price shocks on the economies of the twelve major oil exporting countries from 1970-2013 : the role of political economy factors
Sonmez, Sinem - In: International journal of business and economic sciences … 13 (2020) 1, pp. 29-51
Purpose: This paper examines whether the economies of oil-exporting countries respond to oil shocks differently, depending on the country’s political economy factors, such as regional economic alliance, stage of economic development, and the exchange rate regime, using a structural Vector...
Persistent link: https://www.econbiz.de/10012240085
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Private sector credit and inflation volatility
Katusiime, Lorna - In: Economies : open access journal 6 (2018) 2, pp. 1-13
This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary policy actions continue to affect the targeted variables...
Persistent link: https://www.econbiz.de/10011853882
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Modelling central bank behaviour in Nigeria : a Markov-switching approach
Ayinde, Taofeek Olusola; Bankole, Abiodun S.; Adeniyi, … - In: Central Bank review / Central Bank of the Republic of Turkey 20 (2020) 4, pp. 213-221
The study models the behaviour of the Central Bank of Nigeria. An extended Taylor's framework that accounted for exchange rate dynamics and political risk factors was adopted. In order to capture both ex-ante and ex-post behaviours of the monetary authority in the country, Markov-Switching...
Persistent link: https://www.econbiz.de/10012429646
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The Impact of Exchange Rate Movements on Trade Balance in Nigeria’s Open-Economy - L’impatto delle variazioni dei tassi di cambio sulla bilancia commerciale della Nigeria
Obudah, Bodiseowei C.; Tombofa, Steve S. - In: Economia Internazionale / International Economics 67 (2014) 1, pp. 111-125
The objective of this study is to examine the impact of exchange rate on Nigeria’s trade balance. Time series data on trade balance, external reserves, exchange rate, money supply and real GDP were used in the analysis and the data were subjected to unit root tests to determine their time...
Persistent link: https://www.econbiz.de/10010991475
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Money Supply and Exchange Rate Variations in Sri Lanka in the Independent Float Regime—A Time Domain Study
Maitra, Biswajit - In: South Asia Economic Journal 11 (2010) 1, pp. 111-129
The monetary model of exchange rate determination holds that cheap monetary policy of the home country leads to depreciation of the national currency. The study attempts to enquire if the rupee/dollar exchange rate variation as observed in the period of independent float regime in Sri Lanka had...
Persistent link: https://www.econbiz.de/10010784383
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Monetary policy response on exchange rate volatility in Indonesia
Syarifuddin, Ferry; Achsani, Noer Azam; Hakim, Dedi Budiman - In: Journal of contemporary economic and business issues 1 (2014) 2, pp. 35-54
research measures how persistent the exchange rate fluctuation in Indonesia is, and how are thus the central banks able to … reveals that, USD/IDR volatility in Indonesia is obviously persistent. This study also presents the outcomes of effectiveness …/IDR decrease. Whatever Bank of Indonesia’s efforts to exert a stabilizing effect of foreign exchange interventions, the results are …
Persistent link: https://www.econbiz.de/10011533477
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Interest rate policy and exchange rates volatility lessons from Indonesia
Kuncoro, Haryo - In: Journal of central banking theory and practice 9 (2020) 2, pp. 19-42
volatility of exchange rates. To test the hypothesis, we use monthly data in the case of Indonesia over the period 2005 … targeting in Indonesia puts too much emphasis on stabilizing the domestic currency thus leading to benign neglect of stabilizing …
Persistent link: https://www.econbiz.de/10012305740