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Does Money Matter in Africa? New Empirics on Long- and Short-run Effects of Monetary Policy on Output and Prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – While in developed economies, changes in monetary policy affect real economic activity in the short-run but only prices in the long-run, the question of whether these tendencies apply to developing countries remains open to debate. In this paper, we examine the effects of monetary...
Persistent link: https://www.econbiz.de/10011257834
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New Empirics of monetary policy dynamics: evidence from the CFA franc zones
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
Purpose – A major lesson of the EMU crisis is that serious disequilibria in a monetary union result from arrangements not designed to be robust to a variety of shocks. With the specter of this crisis looming substantially and scarring existing monetary zones, the present study has complemented...
Persistent link: https://www.econbiz.de/10011258206
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How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Simplice A - Volkswirtschaftliche Fakultät, … - 2013
We analyze the effects of monetary policy on economic activity in the proposed African monetary unions. Findings broadly show that: (1) but for financial efficiency in the EAMZ, monetary policy variables affect output neither in the short-run nor in the long-term and; (2) with the exception of...
Persistent link: https://www.econbiz.de/10011260860
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Iran’s Banking and Monetary Problems
Naghshineh-Pour, Amir - Volkswirtschaftliche Fakultät, … - 2009
Iran has had many self-imposed economic crises. Many of which relate to the poorly managed banking system as well as … flawed monetary and fiscal policy. Inefficiency of the banking-monetary system in Iran is a well known fact. A complete … banking-monetary system of any country has a key role in its economic efficiency and strength, price stability, production …
Persistent link: https://www.econbiz.de/10005055506