Search Results - subject:"Monetary instability"

International monetary instability all over again

Aliber, Robert Z. - In: Atlantic economic journal : AEJ 45 (2017) 4, pp. 399-409

Persistent link: https://www.econbiz.de/10011806310

Fault lines after COVID-19 : global economic challenges and opportunities

Aliber, Robert Z. (ed.); Guðmundsson, Már (ed.); … - 2023

This book explores the central economic and political issues defining the modern world. With contributions from a number of world renowned economists, a range of topical debates are discussed in an accessible and practical manner. The topics discussed include the current economic and political...

Persistent link: https://www.econbiz.de/10014375040

For Rich or for Poor: When does Uncovered Interest Parity Hold?

Roche, Maurice J.; Moore, Michael J. - Department of Economics, Ryerson University - 2010

in the Fama regression arises when monetary instability is low and the precautionary savings motive dominates the … intertemporal substitution motive. When monetary instability is high, the Fama slope is positive in line with uncovered interest … that, given the predominance of precautionary savings, the degree of monetary instability explains whether or not uncovered …

Persistent link: https://www.econbiz.de/10008498404

Locating financialization in a less-developed economy : micro responses to liberalization and volatility in Pakistan

Settle, Antonia C. - In: Competition & change : the journal of global business … 20 (2016) 2, pp. 106-121

Persistent link: https://www.econbiz.de/10011690657

Monetary stability and the rule of law

Koyama, Mark; Johnson, Blake - In: Journal of financial stability 17 (2015), pp. 46-58

Persistent link: https://www.econbiz.de/10011574065

Macroeconomic Implications of Financial Dollarization; The Case of Uruguay

Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008

Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...

Persistent link: https://www.econbiz.de/10011245904

Moving to Greater Exchange Rate Flexibility; Operational Aspects Based on Lessons from Detailed Country Experiences

Ötker, Inci - International Monetary Fund (IMF) - 2007

Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...

Persistent link: https://www.econbiz.de/10005767365

Financial Market Risk and U.S. Money Demand

Cook, David; Choi, Woon Gyu - International Monetary Fund (IMF) - 2007

This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that money demand rises with the liquidity risk of stock markets or the credit risk of corporate bond markets. After controlling for the effect of financial market risk, money demand...

Persistent link: https://www.econbiz.de/10005248246

A New Taxonomy of Monetary Regimes

Bhundia, Ashok; Stone, Mark R. - International Monetary Fund (IMF) - 2004

This paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are as follows: (i) monetary nonautonomy, (ii) weak anchor, (iii) money anchor, (iv) exchange rate peg, (v) full-fledged inflation targeting, (vi) implicit price stability...

Persistent link: https://www.econbiz.de/10005248145

Deconstructing the Art of Central Banking

Bayoumi, Tamim; Sgherri, Silvia - International Monetary Fund (IMF) - 2004

This paper proposes a markedly different transmission mechanism from monetary policy to the macroeconomy, focusing on how policy changes nominal inertia in the Phillips curve. Using recent theoretical developments, we examine the properties of a small, estimated U.S. monetary model...

Persistent link: https://www.econbiz.de/10005263913