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The EMU's exchange rate policy [PDF]
Contents: 1. Forum Economique Franco-Allemand - Deutsch-Französisches Wirtschaftspolitisches Forum...1 -- 2. Opening Address, Klaus Bünger...2 -- 3. EMU and Transatlantic Exchange-Rate Stability - Agnès Bénassy-Quéré and Benoît Mojon...5 -- 4. What Exchange Rate Policy in EMU? - Manfred J.M. Neumann...30 -- 5.
Bénassy-Quéré, Agnès +2 more
core +6 more sources
The Interest Rate - Exchange Rate Nexus: Exchange Rate Regimes and Policy Equilibria [PDF]
We study a credible Markov-perfect monetary policy in an open New Keynesian economy with incomplete financial markets. We demonstrate the existence of two discretionary equilibria. Following a shock the economy can be stabilised either 'quickly' or 'slow', both dynamic paths satisfy conditions of optimality and time-consistency.
Christoph Himmels, Tatiana Kirsanova
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Economic policy uncertainty and the ECOWAS exchange rate mechanism
This study examines the nexus between economic policy uncertainty and real exchange rates of ECOWAS countries to observe the countries’ responses to external shocks and explore the potential success of exchange rate mechanism (ERM) in the West African ...
Sikiru A. Abdulsalam, Samuel F. Onipede
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Exchange rate system and policy in the present world [PDF]
The choice of exchange rate regime is important, not only in terms of its effect on trade flows, but also with respect to inflation expectations. Countries facing disinflation may find that pegs regimes are more appropriate solution.
Grubišić Zoran
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China’s Monetary Policy and the Exchange Rate [PDF]
The paper models monetary policy in China using a hybrid McCallum-Taylor empirical reaction function. The feedback rule allows for reactions to inflation and output gaps, and to developments in a trade-weighted exchange rate gap measure. The investigation finds that monetary policy in China has, on average, accommodated inflationary developments.
Mehrotra, Aaron, Sánchez-Fung, José R.
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The continuous depreciation of the exchange rate in Ghana has raised concern about its effect on inflation and the economy at large. This paper examines the threshold effect of exchange rate pass-through (ERPT) on inflation using a monthly data from ...
Matthew Kwabena Valogo +3 more
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Dynamic Relationship between RMB Exchange Rate and Interest Rate Based on VAR-DCC-GARCH Model [PDF]
Based on the daily data of Shibor and nominal exchange rate from 2006 to 2019, this paper constructs VAR model and uses Granger causality test and impulse response model to analyze the dynamic relationship between exchange rate and interest rate.
Zhao Xuhang
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IMPROVING THE EFFECTIVENESS OF EXCHANGE RATE POLICY IN CONTEMPORARY VIETNAM
The article discusses the issue of effectiveness of exchange rate policy in contemporary Vietnam, along with the assessment of the mechanism of this policy from 1989 to the present day.
The Dong Phung
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Effectiveness of Macroeconomic Policies in the Context of Closed and Open Economies [PDF]
Monetary policy and fiscal policy are the two important macroeconomic policies which are used to achieve certain major macroeconomic goals like economic growth, unemployment reduction, counteract inflation and overall economic development of the nation ...
N. Kubendran
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The response of asset prices to monetary policy shock in Indonesia: A structural VAR approach [PDF]
This paper aims to determine the effect of central bank monetary policy on financial asset prices in Indonesia from 1990 Q1 to 2020 Q4. Furthermore, this study measures the responses of three different asset prices: bond yield, stock price and exchange ...
Indra Suhendra, Cep Jandi Anwar
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