Exchange rate and monetary union
The GCC Monetary Union: Choice of Exchange Rate Regime
... alternative exchange rate regime options for the monetary union? US Dollar Peg A good case can be made for the monetary union to continue pegging to the ...such exchange ...
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Monetary Union and the Interest-Exchange Rate Trade-off
... to exchange rates, consider changes in long term monetary stability ...of monetary policies – at a high level of stability – can be ...observed. Monetary stability convergence implies less ...
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Exchange Rate Misalignments, Fiscal Federalism and Redistribution: How to Adjust in a Monetary Union
... a monetary union characterized by a large heterogeneity. Exchange rate adjustments being impossible, they are very few alternative ...these exchange rate misalignments inside the ...
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From Floating to Monetary Union: The Economic Distance between Exchange Rate Regimes
... a monetary union composed of several sovereign ...wide-ranging union-wide tax transfers and so risk sharing at the fiscal level is rather ...inspired monetary union in ...the ...
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Romania's Exchange Rate Policy towards its European Monetary Union Membership - Prospects and Challenges
... to exchange rate ...European Union starting on January 1 st , 2007; it ultimately aspires to the adoption of the euro as a means to achieve its objective of full participation in the European ...
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Small Open Economy Model with Domestic Resource Shocks: Monetary Union vs. Floating Exchange Rate
... Two exchange rate regimes, oating and a monetary union membership are compared with respect to business cycle behaviour of selected macroeconomic ... oating exchange rate, the ...
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Firm-level responses to monetary union and exchange rate regime: evidence from Cote D’Ivoire and Ghana
... foreign exchange system, liberalisation of trade policy, privatisation of state-owned enterprises and fiscal policy ...a monetary union therefore currency union is recommended for the whole ...
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Exchange Rate Convergence in the East African Monetary Union: An Econometric Investigation
... the exchange rates in the member countries, high-lighting the role of the different factors in the different economies and devise means/reforms for harmonising these factors in a manner that ensures that the ...
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The road to monetary union in Latin America: An EMS-type fixed exchange rate system as an intermediate step
... the exchange rate adjustments was in some cases substantial as Table 5 (that compiles all realignments during the EMS experience) shows, ...inflation rate convergence in the initial period of 1979 to ...
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A currency union or an exchange rate union: evidence from Northeast Asia
... currency union. 10 The purpose of monetary cooperation is to reduce exchange rate fluctuations within the area and with the rest of the world (Eichengreen, ...for monetary cooperation ...
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A currency union or an exchange rate union: evidence from Northeast Asia
... currency union. The purpose of monetary cooperation is to reduce exchange rate fluctuations within the area and with the rest of the world (Eichengreen, ...for monetary cooperation ...
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China’s monetary policy and the exchange rate
... policies. Monetary policy commands attention, since maintaining low inflation is crucial for social and economic ...of monetary policy in ...the monetary transmission mechanism, precludes estimating ...
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Monetary systems and exchange rate regime
... and monetary economics (cash ...in monetary policy today, the central bank and the circumstances in which, the exchange rate development and its significance for today's economy, and daily ...
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Monetary and Exchange Rate Policy in Slovenia
... The BoS attracted banks’ demand for CB-bills, particularly foreign-currency denominated bills that were the main sterilization instrument during the period, by granting banks access to its standing credit facilities and ...
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Monetary Policy and the Exchange Rate in Colombia
... the monetary expansion resulting from FX ...interest rate spreads, which, if long lasting, may be very costly or induce “innovations” to evade the reserve ...of monetary policy are unclear (lending ...
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Risk, Monetary Policy and the Exchange Rate
... the monetary-policy shock, of the inflation-target shock and of the productivity ...real) exchange rate and the foreign currency risk premium which captures the deviations from ...
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Monetarist Monetary Policy, Exchange Risk, and Exchange Rate Variability
... regarding foreign prices and interest rates which cannot be supported empirically and to allow for the foreign money supply, as well as the domestic money supply, to be determined endoge[r] ...
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The dollar-euro exchange rate and monetary fundamentals
... unconventional monetary policy ...the monetary model, with a relative increase in the relative euro area money supply resulting in a depreciation of the ...
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Exchange Rate Overshooting: A Reassessment in a Monetary Framework
... on monetary policies have found exchange rate effects that are inconsistent with Dornbusch’s overshooting ...of exchange rate overshooting by using interest rate alone as the ...
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Exchange Rate Policy at the Monetary Authority of Singapore
... » One of the highest GDP per capita » Large Saving & Trade surplus High historical budget surplus Singapore Economy | Situation & Missions of MAS| Traditional Monetary Policies| Managed Floating System| ...
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