Search Results - subject:"Monetary autonomy"

Monetary autonomy of CESEE countries and nominal convergence in EMU : a cointegration analysis with structural breaks

Raguideau-Hannotin, Léonore - 2021

Persistent link: https://www.econbiz.de/10012606756

Monetary autonomy under different exchange rate regimes in the long-run: the case of seven new EU countries

HSING, Yu - In: Theoretical and Applied Economics XVIII(2013) (2013) 5(582), pp. 27-32

This paper finds that except for Poland, the other six countries possess moderate or significant monetary autonomy in … regimes possess more monetary autonomy than countries under less flexible exchange rate regimes because local interest rates …

Persistent link: https://www.econbiz.de/10010857170

Welfare Effects of Monetary Integration; The Common Monetary Area and Beyond

Asonuma, Tamon; Debrun, Xavier; Masson, Paul R. - International Monetary Fund (IMF) - 2012

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii)...

Persistent link: https://www.econbiz.de/10011242297

Exchange Rate Arrangements and Monetary Autonomy in Fourteen Selected Asian and Pacific Countries

Hsing, Yu - In: Economics Bulletin 32 (2012) 2, pp. 1731-1736

affect monetary autonomy. In the short run, all the countries have moderate or significant monetary autonomy due to partial … possess moderate or significant monetary autonomy. …

Persistent link: https://www.econbiz.de/10011278718

Inflation Dynamics in FYR Macedonia

Shamloo, Maral - International Monetary Fund (IMF) - 2011

In this paper we study the dynamics of inflation in Macedonia, provide three forecasting tools and draw some policy conclusions from the quantitative results. We explore three forecasting methods for inflation. We use a Dynamic Factor Model (DFM) for short-term, monthly forecasting. We also...

Persistent link: https://www.econbiz.de/10009401191

The Effects of Housing Prices and Monetary Policy in a Currency Union

Rabanal, Pau; Aspachs-Bracons, Oriol - International Monetary Fund (IMF) - 2011

The recent boom-and-bust cycle in housing prices has refreshed the debate on the drivers of housing cycles as well as the appropriate policy response. We analyze the case of Spain, where housing prices have soared since it joined the EMU. We present evidence based on a VAR model, and we...

Persistent link: https://www.econbiz.de/10008839338

Monetary autonomy in the West African countries: What do the policy rules tell us?

Dufrénot, Gilles - In: Journal of International Development 23 (2011) 1, pp. 63-81

always implied the loss of monetary policy autonomy. We use two definitions of monetary autonomy. In a first sense, we … hypothesis of monetary autonomy through the estimations of an interest rate and credit growth rules. We focus our attention on …

Persistent link: https://www.econbiz.de/10008774279

Is Malaysia exempted from impossible trinity: empirical evidence from 1991-2009

Lim, Ewe Ghee; Goh, SooKhoon - Volkswirtschaftliche Fakultät, … - 2011

This paper examines Bank Negara Malaysia’s (BNM) monetary policy autonomy in 1991-2009, a period of volatile capital flows, during which BNM operated under several exchange regimes: managed floating; fixed exchange rates; and fixed exchange rates with selective capital controls. Using a...

Persistent link: https://www.econbiz.de/10009021718

Financial stability, monetary autonomy and fiscal interference: Bulgaria in search of its way, 1879-1913

Dimitrova, Kalina; Fantacci, Luca - William Davidson Institute, University of Michigan - 2010

The Bulgarian monetary system was established, immediately after independence. Having experienced it already under Ottoman rule, newly independent Bulgaria adopted the bimetallic standard. Without being a member of the Latin Monetary Union, it tried broadly to follow the principles of the...

Persistent link: https://www.econbiz.de/10008528991

Monetary Autonomy in Select Asian Economies : Role of International Reserves

Taguchi, Hiroyuki; Nataraj, Geethanjali; Sahoo, Pravakar - East Asian Bureau of Economic Research (EABER) - 2010

This paper examines the trends in monetary autonomy and its interaction with financial integration, currency regime and … towards a floating regime, have lowered the sensitivities of their interest rates (have raised monetary autonomy) after the … rates (has lowered monetary autonomy) in line with increased financial integration. Second, in all sample economies, the …

Persistent link: https://www.econbiz.de/10009363942