Search Results - subject:"exchange rate commitment"

Comparison of the approach of the Czech National Bank and the European Central Bank to the effects of the global financial crisis

Cecrdlova, Andrea - In: International journal of economic sciences : IJES 10 (2021) 2, pp. 18-46

Persistent link: https://www.econbiz.de/10012794487

The Czech exchange rate floor: Depreciation without inflation?

Baxa, Jaromír; Šestořád, Tomáš - 2019

After the introduction of an exchange rate commitment and an immediate 7% depreciation of the Czech koruna of in 2013 …, suggesting limited potential effects of the exchange rate commitment on inflation. On the other hand, the pass-through to output … exchange rate commitment on inflation expectations when not paired with temporary price-level targeting. Moreover, we highlight …

Persistent link: https://www.econbiz.de/10012063491

Czech BEERs with PEERs: Tackling the uncertainty

Baxa, Jaromír; Janécoviéc, Pavel - 2019

introduction of the exchange rate commitment in November 2013 as well. Thus, the BEERs do not provide reliable guidance about the … need to support the exchange rate commitment by the exchange rate interventions. …

Persistent link: https://www.econbiz.de/10012389248

The Czech exchange rate floor: depreciation without inflation?

Baxa, Jaromír; Šestořád, Tomáš - 2019

Persistent link: https://www.econbiz.de/10012005743

Czech BEERs with PEERs : tackling the uncertainty

Baxa, Jaromír; Jančovič, Pavel - 2019

Persistent link: https://www.econbiz.de/10012122566

The Exchange Rate as an Instrument at Zero Interest Rates: The Case of the Czech Republic

Franta, Michal; Holub, Tomas; Kral, Petr; Kubicova, Ivana; … - Česká Národní Banka - 2014

-sided exchange rate commitment with potentially unlimited foreign exchange interventions. The article concludes by assessing the …

Persistent link: https://www.econbiz.de/10011156767

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

Berg, Andrew; Portillo, Rafael A; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption â€” an increase in the current account deficit net of aidâ€”delivering the same effects...

Persistent link: https://www.econbiz.de/10011123835

Switzerland; 2012 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland

International Monetary Fund (IMF); International … - 2012

, maintaining the exchange rate commitment risks stoking inflation and hence, a return to free floating would be desirable. The risk …

Persistent link: https://www.econbiz.de/10011242558

The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy; The Case of Sao tome and Principe

Wang, Jian-Ye; Farhan, Nisreen H.; Shanghavi, Amar; … - International Monetary Fund (IMF) - 2008

This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights several structural characteristics of São Tomé and Príncipe including its very...

Persistent link: https://www.econbiz.de/10005605143

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