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The EMU's exchange rate policy [PDF]

open access: yes, 1998
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]

open access: yesSSRN Electronic Journal, 2009
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
openaire   +6 more sources

Economic policy uncertainty and the ECOWAS exchange rate mechanism

open access: yesScientific African, 2023
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
doaj   +1 more source

Exchange rate system and policy in the present world [PDF]

open access: yesEkonomski Anali, 2005
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
doaj   +1 more source

China’s Monetary Policy and the Exchange Rate [PDF]

open access: yesSSRN Electronic Journal, 2010
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.
openaire   +6 more sources

Effect of exchange rate on inflation in the inflation targeting framework: Is the threshold level relevant?

open access: yesResearch in Globalization, 2023
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
doaj   +1 more source

Dynamic Relationship between RMB Exchange Rate and Interest Rate Based on VAR-DCC-GARCH Model [PDF]

open access: yesE3S Web of Conferences, 2020
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
doaj   +1 more source

IMPROVING THE EFFECTIVENESS OF EXCHANGE RATE POLICY IN CONTEMPORARY VIETNAM

open access: yesСтатистика и экономика, 2016
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
doaj   +1 more source

Effectiveness of Macroeconomic Policies in the Context of Closed and Open Economies [PDF]

open access: yesJournal of Economics and Management, 2016
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
doaj   +1 more source

The response of asset prices to monetary policy shock in Indonesia: A structural VAR approach [PDF]

open access: yesBanks and Bank Systems, 2022
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
doaj   +1 more source

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