Search Results - subject:"exchange rate based stabilization"

A Model of Exchange-Rate-Based Stabilization for Turkey

Aytac, Ozlem - Center for Applied Economics and Policy Research … - 2008

The literature on the exchange-rate-based stabilization has focused almost exclusively in Latin America. Many other … from the existing literature by developing a model specifically for the 2000-2001 heterodox exchange-rate-based … stabilization program in Turkey: When the government lowers the rate of crawl, the rate of domestic credit creation is set equal to …

Persistent link: https://www.econbiz.de/10005547983

Resurrecting the Weak Credibility Hypothesis in Models of Exchange-Rate-Based Stabilization

Buffie, Edward F.; Atolia, Manoj - Department of Economics, Florida State University - 2006

We analyze how weak credibility affects the volatility of consumption spending in a model of exchange-rate-based … stabilization that allows for both durable and nondurable goods. The inclusion of durables greatly improves the explanatory power of …

Persistent link: https://www.econbiz.de/10005260559

La crise monétaire turque de 2000/2001 : analyse de l'échec du plan de stabilisation par le change du FMI.

Héricourt, Jérôme; Reynaud, Julien - Maison des Sciences Économiques, Université Paris 1 … - 2006

This article empirically investigates the failure of the Exchange Rate-Based Stabilisation Program started in Turkey in January 2000, under the IMF supervision. For that purpose, a Vectorial Error Correction Model integrating an uncovered interest rate parity modelling short term deviations is...

Persistent link: https://www.econbiz.de/10005670913

Exchange Rate Economics in Transition Economies

Tica, Josip - In: Zagreb International Review of Economics and Business 9 (2006) 2, pp. 155-170

The goal of this paper is to empirically and theoretically analyze real exchange rate movements in transition countries. Since the beginning of the transition process, continuous real exchange rate appreciation has become stylized fact of all transitional economies. Most of the mainstream models...

Persistent link: https://www.econbiz.de/10005673453

Essays on the real effects of exchange rate-based stabilizations

Krois, Bettina - 2004

Die lateinamerikanischen Währungskrisen lenkten erst kürzlich wieder das Augenmerk auf die Gefahren wechselkursbasierter Stabilisierungen (WKBS). Dies sind Inflationsstabilisierungsprogramme, die den nominalen Wechselkurs als vorrangiges geldpolitisches Instrument einsetzen. Die vorliegende...

Persistent link: https://www.econbiz.de/10009467119

Essays on Exchange-Rate-Based Stabilization Under Fiscal Constraints

Gueorguiev, Nikolay Kirov - 2004

of inflation tax revenue in the context of an exchange-rate-based stabilization program in an open economy with sticky …

Persistent link: https://www.econbiz.de/10009450696

Exchange rate based stabilization and trade liberalization in Uruguay during the 1990s: A difficult combination

Traversa, Federico - Volkswirtschaftliche Fakultät, … - 2004

This study analyzes the exchange rate based stabilization applied in Uruguay during the 1990s. A crawling peg with a …

Persistent link: https://www.econbiz.de/10011108721

Politique monétaire sous contrainte : le cas de la crise turque de 2000/2001.

Ertugrul, Ayse; Héricourt, Jérôme; Reynaud, Julien - Maison des Sciences Économiques, Université Paris 1 … - 2004

This article suggests a new type of reaction function fitting monetary policymaker's behaviour when constrained by a fixed exchange rate. Firstly, it incorporates new target variables, which are different from the ones commonly observed by central banks in a flexible exchange rate environment....

Persistent link: https://www.econbiz.de/10005670973

Why governments implement Temporary Stabilization Programs

Alfaro, Laura - In: Journal of Applied Economics II (1999) November, pp. 211-245

This paper provides a political economy explanation for temporary exchange-rate-based stabilization programs (where the …

Persistent link: https://www.econbiz.de/10005624089

Wage Contracts and Stabilization Policies in Semi-Industrialized Economies

Ambler, Steve; Harb, Nasri - Centre de Recherche sur l'Emploi et les Fluctuations … - 1999

We build a dynamic, general equilibrium model of a small, open, semi-industrialized country with overlapping wage contracts, wage indexation, and indexation lags. We calibrate and simulate the model in order to assess the role of wage contracts in explaining the features of recent real-world...

Persistent link: https://www.econbiz.de/10005611939