Search Results - subject:"managed floating"

Analyzing exchange market pressure dynamics with Markov regime switching : the case of Turkey

İlhan, Ali; Akdeniz, Coşkun; Özdemir, Metin - In: Organizations and markets in emerging economies 13 (2022) 1, pp. 238-259

This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model for the period from January 2006 to December 2019. Our findings show that there are two regimes in the foreign exchange market, characterized as low- and high-pressure periods....

Persistent link: https://www.econbiz.de/10013279667

Analyzing exchange market pressure dynamics with Markov regime switching: The case of Turkey

İlhan, Ali; Akdeniz, Coşkun; Özdemir, Metin - In: Organizations and Markets in Emerging Economies 13 (2022) 1, pp. 238-259

Persistent link: https://www.econbiz.de/10015401469

A theory of managed floating

Wollmershäuser, Timo - 2003

understood as an approach to develop a theoretical framework for this managed floating behaviour that – even though it is widely … the fear of floating (an interest rate response to exchange rate movements which we call indirect managed floating, and … sterilised interventions in the foreign exchange markets which we call direct managed floating) can be rationalised if we allow …

Persistent link: https://www.econbiz.de/10009433725

Comparing Monetary Policy Strategies: Towards a Generalized Reaction Function

Hammermann, Felix - 2003

rule, monetary conditions index, and managed floating have in common. The fact that all strategies build on reaction …

Persistent link: https://www.econbiz.de/10010260430

The BMW model: A new framework for teaching monetary macroeconomics in closed and open economies

Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo; … - 2003

While the IS/LM-AS/AD model is still the central tool of macroeconomic teaching it has been criticised by several economists. The model is unable to deal with a monetary policy that uses the interest rate as its operating target ( Romer [2000]). Walsh [2002] has criticised that it is not suited...

Persistent link: https://www.econbiz.de/10010305749

Maintaining price stability under free-floating: a fearless way out of the corner?

Detken, Carsten; Gaspar, Vítor - 2003

The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...

Persistent link: https://www.econbiz.de/10011604287

Maintaining price stability under free-floating: a fearless way out of the corner?

Detken, Carsten; Gaspar, Vítor - European Central Bank - 2003

Persistent link: https://www.econbiz.de/10005816254

The BMW model: A new framework for teaching monetary macroeconomics in closed and open economies

Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo; … - Wirtschaftswissenschaftliche Fakultät, Bayerische … - 2003

Persistent link: https://www.econbiz.de/10009226100

The BMW model : a new framework for teaching monetary macroeconomics in closed and open economies

Bofinger, Peter (contributor); Mayer, Eric (contributor); … - 2003 - rev.

Persistent link: https://www.econbiz.de/10010498980

The BMW model: Simple macroeconomics for closed and open economies a requiem for the IS/LM-AS/AD and the Mundell-Fleming model

Bofinger, Peter; Mayer, Eric; Wollmershäuser, Timo - 2002

functions more in detail, it also discusses simple interest rate rules in an open economy as well as a strategy of managed … floating within the same theoretical framework. Additionally, we explore the stabilizing properties of simple interest rate …

Persistent link: https://www.econbiz.de/10010305767