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An extended model of currency options applicable as policy tool for central banks with inflation targeting and dollarized economies

Arizmendi Echecopar, Luis F. - In: Theoretical economics letters 3 (2013) 3, pp. 164-167

Persistent link: https://www.econbiz.de/10010239690

Monetary Policy Shocks in a Tri-Polar Model of Foreign Exchange

Melecky, Martin - EconWPA - 2005

This paper investigates effects of third-currency monetary policy shocks on exchange rates. For this purpose we setup a … policy shocks not only significantly impact on the considered exchange rates but their impacts are comparable to those of MP …

Persistent link: https://www.econbiz.de/10005125529

Intervening against the Fed

Rodnyansky, Alexander; Timmer, Yannick; Yago, Naoki - 2023

Persistent link: https://www.econbiz.de/10015465713

The Euro and Monetary Policy Transparency

Caporale, Guglielmo Maria; Cipollini, Andrea - In: Eastern Economic Journal 28 (2002) 1, pp. 59-70

European Central Bank's (ECB) monetary policy. In order to obtain a time-varying measure of monetary policy uncertainty in both … the U.S. and Euroland, we estimate a Stochastic Volatility model using policy-adjusted short-term interest rates. We also …

Persistent link: https://www.econbiz.de/10005769826

Commodity Prices, Interest Rate Spreads and the Exchange Rate: Useful Monetary Policy Indicators or Redundant Information?

Polley, Susanne M.; Lombra, Raymond E. - In: Eastern Economic Journal 25 (1999) 2, pp. 129-140

potential usefulness of indicator variables for the conduct of monetary policy. That is, we examine whether commodity prices …

Persistent link: https://www.econbiz.de/10005641631

What central banks have learned: lessons from pre-EMU Europe

Houben, Aerdt C.F.J. - In: BNL Quarterly Review 54 (2001) 218, pp. 289-311

three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons … that are relevant to the euro area are shown to have been incorporated into the monetary policy strategy of the European …

Persistent link: https://www.econbiz.de/10010854332

What central banks have learned: lessons from pre-EMU Europe

Houben, Aerdt C.F.J. - In: Banca Nazionale del Lavoro Quarterly Review 54 (2001) 218, pp. 289-311

Persistent link: https://www.econbiz.de/10010753924

Macroeconomic Performance of Currency Boards in Transition Economies

Talasli, I. Anil - In: Central Bank Review 3 (2003) 2, pp. 27-55

The link between the exchange rate regime and macroeconomic performance has always been a debatable issue in international economics. This paper takes a critical look at this debate by focusing on the relative macreoeconomic performance of currency boards against other exchange rate regimes in...

Persistent link: https://www.econbiz.de/10005667149

DEVALUATION AND OUTPUT IN FIVE TRANSITION ECONOMIES: A PANEL COINTEGRATION APPROACH OF POLAND, HUNGARY, CZECH REPUBLIC, SLOVAKIA AND ROMANIA, 1993-2000

MITEZA, Ilir - In: Applied Econometrics and International Development 6 (2006) 1

This paper assesses the impact of devaluations on aggregate output for a group of five transition economies during the period 1993-2000. An application of panel unit root tests and panel cointegration establishes the presence of a long run relationship between real output, real exchange rates,...

Persistent link: https://www.econbiz.de/10005406791

Relationship Between Exchange Rates and Stock Prices in Transition Economies Evidence from Linear and Nonlinear Causality Tests

Akel, Gunay - International Institute of Social and Economic Sciences - 2014

The existence of causation linkage between stock prices and exchange rates is one of the popular debate especially since the beginning of 1990s. The aim of this paper is to investigate the nature of the causal transmission mechanism between foreign exchange and stock markets in 9 transition...

Persistent link: https://www.econbiz.de/10011207343