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An Estimate for the Real Foreign Exchange Rate in Iran

Naghshineh-Pour, Amir - Volkswirtschaftliche Fakultät, … - 2012

An examination and close observation of currency exchange fluctuations in Iran reveals that over the years, problems … many years of a multi-rate regime. Over the past decade until Spring 2011, Iran’s Central Bank, which channels more than 90 … plan and growing international pressures on Iran because of its nuclear program, the tendency to arbitrage in the foreign …

Persistent link: https://www.econbiz.de/10011258317

Financial barriers to structural change in developing economies: A theoretical framework

Yajima, Giuliano Toshiro; Nalin, Lorenzo - 2022

Liabilities denominated in foreign currency have established a permanent role on emerging market firms' balance sheets, which implies that changes in both global liquidity conditions and in the value of the currency may have a long-lasting effect for them. In order to consider the financial...

Persistent link: https://www.econbiz.de/10014322568

The foreign exchange exposure of Chinese banks

Wong, TC; Wong, J; Leung, P - 2009

Using the capital market approach and the equity price data of 14 listed Chinese banks, this empirical study finds that there is a positive relationship between bank size and foreign exchange exposure. This relationship may reflect the larger foreign exchange operations and trading positions of...

Persistent link: https://www.econbiz.de/10009471469

De jure versus de facto: Exchange rate stabilization in Central and Eastern Europe

Schnabl, Gunther - 2003

The IMF classifications of the Central and Eastern European exchange rate arrangements are heterogeneous. While one group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate flexibility. Based on the recent discussion about the accuracy of...

Persistent link: https://www.econbiz.de/10010305084

Monetary Policy after the Crisis

Belka, Marek; Thomsen, Jens; Abildgren, Kim; Catte, Pietro - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011689949

The Origins of Foreign Exchange Policy: The National Bank of Belgium and the Quest for Monetary Independence in the 1850s

Ugolini, Stefano - 2010

Can the central bank of a small open economy be mandated with the maintenance of both fixed exchange rates and monetary independence, and still succeed in the long term? Looking at a pioneering experiment put in place by the National Bank of Belgium, this article shows how foreign exchange...

Persistent link: https://www.econbiz.de/10012143756

Finnish monetary and foreign exchange policy and the changeover to the euro

Korhonen, Tapio - 2001

This paper presents the salient aspects of Finland's monetary and exchange rate policies during the run-up to monetary union in the 1990s.In the course of slightly more than a decade, Finland's monetary and exchange rate policies were thoroughly revamped.The remnants of heavy regulation were...

Persistent link: https://www.econbiz.de/10012147834

Ethiopia's high growth and its challenges: Causes and prospects

Priewe, Jan - 2016

The paper analyses the enigmatic high growth in Ethiopia from 2004 to 2015 (10.9% p.a.) and gauges the prospects for the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices. The main finding is that the take-off was driven by...

Persistent link: https://www.econbiz.de/10011488626

Transition, privatization and monetary arrangements in the countries founded on the territory of former Yugoslavia

Ribnikar, Ivan; Kosak, Marko - In: Zbornik radova Ekonomskog fakulteta u … 29 (2011) 2, pp. 333-353

The aim of our research was to compare the methods of privatization of social ownership and monetary system in the countries of former Yugoslavia with the privatization mode and monetary arrangement that could be considered as optimal. By applying the method of comparative analysis, it has been...

Persistent link: https://www.econbiz.de/10010776385

Exchange Rate and Monetary Policy After the Convertibility Regime Collapse

Frenkel, Roberto; Rapetti, Martín - In: Ensayos Económicos 1 (2007) 46, pp. 137-166

The currency board (Convertibility) collapsed between December 2001 and January 2002, after almost 11 years in force. The trends leading to the meltdown continued in the following months, plunging half of the population into poverty and one third into extreme poverty. Only six months later, the...

Persistent link: https://www.econbiz.de/10010849656