Monetary Conditions Index for Croatia [PDF]
MCI is an indicator of the combined effect of short-term interest rates and exchange rates on price level and aggregate demand. In construction of the index for Croatia, Engle-Granger co-integration method of time series was used. Obtained results indicate that in the observed period monetary policy in Croatia was mainly expansive, suggesting an easing
Manuel Benazic
exaly +6 more sources
An Appropriate Monetary Conditions Index for the Iranian Economy [PDF]
Monetary conditions index (MCI) is used as an intermediate target of monetary policy in many developed countries. More recently, monetary authorities in some developing countries have also attempted to use this operational target to determine the stance ...
Morteza Khorsandi +2 more
doaj +1 more source
The Realationship between Monetary Policy and Financial Condition Index in Iran (MSIHA Approach) [PDF]
Monetary policy is one of the critical economic policies that affect the macro variables of every country. The Financial Condition Index (FCI) is one of the composite variables affected by monetary policy.
Zahra Haeri Nasab, Qmars Sohaili
doaj +2 more sources
Monetary condition index and its changing transmission on macro-economic variables
It has been known with time that no single transmission mechanism is enough to understand the monetary policy stance of that country. The objective of this paper is combine two transmission channel, interest rate and exchange rate so as to construct monetary condition index (MCI) for the gulf countries, namely Bahrain, Iraq, Kuwait, Oman, Qatar ...
Memon, Iqra Aslam, Jabeen, Hummaira
exaly +4 more sources
Investigating the Effect of Passive Monetary Policy on Stock Price Index [PDF]
Objective: In recent years, the effect of financial markets and especially the stock market as one of the factors of financing investment plans and projects are important.The effects of prosperity and recession of these markets on the country's economy ...
Mina Sobhanipour +2 more
doaj +1 more source
The Impact of Monetary Environment on Unemployment in the Republic of Croatia
The assumption is that expansionary monetary policy is good for reducing unemployment, and vice versa. In this context, the status of monetary policy is defined, which is called monetary conditions. For this, the IFIS Financial Conditions Index published
Silvija Sečenj
doaj +1 more source
Dynamic relationships between financial conditions index and stock returns [PDF]
Stock return predictability has been extensively considered as a stylized reality. Theories indicate that returns should change along the time, and various studies have presented evidence on this point. On the other hand, there is an optimal portfolio in
Amin Sadat +2 more
doaj +1 more source
Monetary Stabilization Policy in the Coronacrisis [PDF]
Research background: In 2020, all the world's economies faced a new, special phenomenon – the coronacrisis caused by the pandemic, and with the fall of most economic indicators.
Kotcofana Tatiana +2 more
doaj +1 more source
Hazards in Implementing a Monetary Conditions Index [PDF]
Some recent studies have suggested constructing a Monetary Conditions Index (or MCI) to serve as an indicator of monetary policy stance. The central banks of Canada, Sweden, and Norway all construct an MCI and (to varying degrees) use it in conducting monetary policy.
Kari H. Eika +2 more
openaire +2 more sources
A Study on the Effect of Granular Residual in the Banking Network on the Transmission of Monetary Policy through Lending Channel [PDF]
Granular residual is created in the banking network when there are a few large banks with many small banks. In this case, the effect of the shocks on each bank not lost in total that can lead to macro-economic consequences.
Hamid Reza Horry +3 more
doaj +1 more source

