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Reserve options mechanism : the new monetary policy tool of CBRT and its effect on exchange rate volatility

Gok, Ibrahim Yasar - In: International journal of business and economic sciences … 9 (2016) 3, pp. 50-54

volatility are analyzed by applying GARCH (1,1) model and using the data for the period 09.30.2011- 06.03.2016. Findings – It is …Purpose – Reserve Options Mechanism (ROM) is a new policy tool of Central Bank of the Republic of Turkey (CBRT). In … this study, it is aimed to examine the effect of the ROM on USD/TL exchange rate volatility. Design …

Persistent link: https://www.econbiz.de/10011593647

Impact of reserve option mechanism on exchange rate volatility during the FED's tapering period

Demirbas, Erkan; Can, Nurettin - In: Journal of Central Banking Theory and Practice 11 (2022) 3, pp. 155-178

This study investigates the effectiveness of ROM. We conducted the GARCH (1,1) Model to determine whether ROM … contributed to decreasing the volatility of USD/TL exchange rate for the period 2013-2014. We construct four Models where four …

Persistent link: https://www.econbiz.de/10014558527

Reserve Options Mechanism and FX Volatility

Oduncu, Arif - 2013

limit the adverse effects of excess capital flow volatility on the macroeconomic and financial stability of Turkey. In this … Turkish Lira reserve requirements of Turkish banks, was designed and launched by the Central Bank of the Republic of Turkey … paper, we study the effectiveness of ROM on the volatility of Turkish Lira, and to the best of our knowledge, it is the …

Persistent link: https://www.econbiz.de/10013085547

Interest rate and exchange rate volatility spillovers : multiscale perspective of monetary policy transmission in Ghana

Akosah, Nana Kwame; Alagidede, Paul; Schaling, Eric - In: Journal of central banking theory and practice 9 (2020) 1, pp. 135-167

Persistent link: https://www.econbiz.de/10012167220

US Monetary Policy Spillovers and Spillbacks

Thomas, Lina - 2023

I study spillovers of US monetary policy to the rest of the world, as well as spillbacks to the US economy in an empirical multi-country model over time. Within the multilateral framework, I distinguish the bilateral effect from the network effects that arise from interactions among recipient...

Persistent link: https://www.econbiz.de/10014256990

Monetary policy response on exchange rate volatility in Indonesia

Syarifuddin, Ferry; Achsani, Noer Azam; Hakim, Dedi Budiman - In: Journal of contemporary economic and business issues 1 (2014) 2, pp. 35-54

intervention to stabilize the exchange rate. In this study, USD/IDR volatility is investigated using TGARCH approach. The result … reveals that, USD/IDR volatility in Indonesia is obviously persistent. This study also presents the outcomes of effectiveness …

Persistent link: https://www.econbiz.de/10011533477

Reserve Options Mechanism : The New Monetary Policy Tool of CBRT and Its Effect on Exchange Rate Volatility

Gok, Ibrahim Yasar - 2017

volatility are analyzed by applying GARCH (1,1) model and using the data for the period 09.30.2011-06.03.2016.Findings – It is …Purpose – Reserve Options Mechanism (ROM) is a new policy tool of Central Bank of the Republic of Turkey (CBRT). In … this study, it is aimed to examine the effect of the ROM on USD/TL exchange rate volatility …

Persistent link: https://www.econbiz.de/10012952040

Impact of Macroeconomic Variables on Exchange Rate Volatility in India

N., Suresh - 2018

, Export and Purchasing Power Parity (PPP)) on Exchange Rate Volatility (USD to INR) in India. To analyze how this variables …

Persistent link: https://www.econbiz.de/10012931463

Central Bank Communication and Exchange Rate Volatility : A GARCH Analysis

Horváth, Roman; Fiser, Radovan - 2009

exchange rate volatility using generalized autoregressive conditional heteroscedasticity model. Our results suggest that … central bank communication has a calming effect on exchange rate volatility. The timing of central bank communication seems to …, macroeconomic news releases are found to reduce exchange rate volatility, while interest rate differential seems to increase it …

Persistent link: https://www.econbiz.de/10014202650

The High-Frequency Response of the EUR-US Dollar Exchange Rate to ECB Communication

Conrad, Christian; Lamla, Michael J. - 2013

We investigate the impact of the European Central Bank’s monetary policy communication during the press conference held after the monthly Governing Council meeting on the EUR-USD exchange rate in high-frequency. Based on the method of Content Analysis we construct communication indicators for...

Persistent link: https://www.econbiz.de/10014223949