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Inflation targeting and monetary integration in European emerging market economies

Felix Hammermann - 2008

This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...

Persistent link: https://www.econbiz.de/10009429025

A theory of managed floating

Wollmershäuser, Timo - 2003

After the experience with the currency crises of the 1990s, a broad consensus has emerged among economists that such shocks can only be avoided if countries that decided to maintain unrestricted capital mobility adopt either independently floating exchange rates or very hard pegs (currency...

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

Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?

Dominguez, Kathryn M. E.; Fatum, Rasmus; Vacek, Pavel - 2010

Many developing countries have increased their foreign reserve stocks dramatically in recent years, in large part motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper...

Persistent link: https://www.econbiz.de/10009476924

Diversification of Foreign Exchange Reserves in Newly Industrialized Countries

Hsu, Ker-Tah - 2001

The main purpose of this dissertation is to solve the following question: How will the emergence of the Euro influence the currency composition of the NICs?monetary reserves? Taiwan and Thailand are chosen as our investigation subjects. There are two sorts of motives for central banks' reserve...

Persistent link: https://www.econbiz.de/10009481267

Monetary policy and disintermediation in South Africa : 1970–2010 / Michael Oldfield

Oldfield, Michael John - 2011

This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...

Persistent link: https://www.econbiz.de/10009455940

Is inflation targeting an appropriate framework for monetary policy? : experience from the inflation-targeting countries

Maumela, Patrick Konanani - 2010

Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend.The international literature review of the topic...

Persistent link: https://www.econbiz.de/10009457851

A Concise History of Exchange Rate Regimes in Latin America

Frenkel, Roberto; Rapetti, Martin - 2010

The paper analyzes exchange rate regimes implemented by the major Latin American countries since the Second World War, with special attention on the period of the second globalization process beginning in the 1970s. The analysis follows a historical narrative aiming to provide an understanding...

Persistent link: https://www.econbiz.de/10009467794

Inflation Targeting, Between Rhetoric and Reality. The Case of Transition Economies

Daianu, Daniel; Lungu, Laurian - 2005

The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes. However, the success of such a regime depends largely...

Persistent link: https://www.econbiz.de/10009476778

Implications of ERM2 for Poland’s Monetary Policy

Orlowski, Lucjan T.; Rybinski, Kryzstof - 2005

This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified policy framework is based on targeting the differential...

Persistent link: https://www.econbiz.de/10009476869

Is Inflation Targeting the Best Policy Choice for Emerging Economies? A Survey of Emerging Market Experiences and Lessons for Pakistan

Khalid, Ahmed M. - 2006

focuses on inflation targeting as a choice of policy regime for Pakistan. The discussion and analysis in this paper suggests … that it is probably a good time for policy-makers in Pakistan to consider inflation targeting as monetary policy strategy …. © 2006 by the State Bank of Pakistan. All rights reserved. …

Persistent link: https://www.econbiz.de/10009441615