Search Results - subject:"Monetary Approach"

The failure of the monetary model of exchange rate determination

Afat, Dinçer; Gómez Puig, Marta; Sosvilla-Rivero, Simón - In: Applied economics 47 (2015) 43/45, pp. 4607-4629

Persistent link: https://www.econbiz.de/10011380534

LONG-RUN AND SHORT-RUN DYNAMICS OF FOREIGN EXCHANGE RESERVES FLOWS AND DOMESTIC CREDIT IN PAKISTAN

KHAN, Muhammad Arshad - In: International Journal of Applied Econometrics and … 5 (2008) 1, pp. 61-78

This study formulates and examines the monetary approach to the balance of payments by incorporating the currency … the monetary approach to the balance of payments and the effectiveness of monetary policy depend on the nature of the … money demand function. As the specification of money demand has changes the evidence based on monetary approach has also …

Persistent link: https://www.econbiz.de/10005607431

Inflation Determinants in Paraguay; Cost Push Versus Demand Pull Factors

Monfort, Brieuc; Peña, Santiago - International Monetary Fund (IMF) - 2008

This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results suggest that monetary factors, in particular currency...

Persistent link: https://www.econbiz.de/10005826475

The Monetary Model Strikes Back; Evidence From the World

Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2008

We revisit the dramatic failure of monetary models in explaining exchange rate movements. Using the information content from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We also find fundamentalsbased models very successful in...

Persistent link: https://www.econbiz.de/10005263651

Recent Inflationary Trends in World Commodities Markets

Krichene, Noureddine - International Monetary Fund (IMF) - 2008

Expansionary monetary policies in key industrial countries and sharply depreciating U.S. dollar exchange rate sent commodities prices soaring at unprecedented rates during 2003-2007. Food prices rose to alarming levels threatening malnutrition and food riots. In contrast, consumer price indices,...

Persistent link: https://www.econbiz.de/10005263936

Financial stability in the EU new Member States, acceding and candidate countries.

Diev, P.; Pouvelle, C. - Banque de France - 2008

Rapid credit growth in the EU new Member States, acceding and candidate countries has raised the issue of financial stability in the region. This rapid credit growth has been accompanied by the deterioration in the current account balance and the large-scale distribution of foreign currency...

Persistent link: https://www.econbiz.de/10009391779

The Business Cycles of Currency Speculation : A Revision of the Mundellian Framework

Mendoza, Enrique G.; Uribe, Martín - 2008

In his seminal 1960 study on the dynamics of alternative exchange rate regimes, Robert Mundell proposed a theory of balance-of-payments crises in which speculators base their actions on the observed holdings of central bank foreign reserves. We examine the quantitative implications of this view...

Persistent link: https://www.econbiz.de/10014216232

Rapid Current Account Adjustments : Are Microstates Different?

Imam, Patrick - 2008

We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital markets-that may make the current account more vulnerable, penalizing exports and...

Persistent link: https://www.econbiz.de/10014409067

Expected consumption growth from cross-country surveys : implications for assessing international capital markets

Engel, Charles; Rogers, John H. - 2008

Persistent link: https://www.econbiz.de/10009269046

What drives the current account in commodity exporting countries? : the cases of Chile and New Zealand

Medina, Juan Pablo; Munro, Anella; Soto, Claudio - 2008

This paper uses an open economy DSGE model with a commodity sector and nominal and real rigidities to ask what factors account for current account developments in two small commodity exporting countries. We estimate the model, using Bayesian techniques, on Chilean and on New Zealand data, and...

Persistent link: https://www.econbiz.de/10003675575