An Empirical Analysis of Monetary Policy Choices in the Pre-EMU Period

In this study, the effect of monetary policy determinants (economic growth, exchange rates, inflation, money supply, interest rate) in Brazil, Russia, India, China, South Africa

Estimated SVAR model help us to assess the variance decomposition of the real GDP, core inflation, money supply (M3), short-term interest rates and the REER (real effective

The focus was predominantly on interest rate channel of monetary transmission process and its impact on in fl ation, nominal effective exchange rate and gross domestic product,

International investment gradually increased during the late 1990s and the early 2000s with the emergence of markets the Czech Republic, Hungary, and Poland and this paper

federal funds rate, the nominal exchange rate, world commodity price index, China’s actual output and the im- pact of the narrow monetary aggregates.. Sino-US spreads is limited