policy rate
THE TRANSMISSION OF MONETARY POLICY IN MOROCCO: FROM POLICY RATE TO COMMERCIAL BANKS’ LENDING RATES
... monetary policy decisions on the lending rates of commercial banks in ...of policy rate variations on the commercial lending rates, namely: treasury rate, consumer credit rate, ...
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Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China
... interest rate pass-through from the policy rate to the interest rates of commercial banks is very important in measuring the effectiveness of monetary policy transmission and the question has ...
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Implication of Monetary Policy Rate and Interest Rate on Exchange Rate in Nigeria: 1981-2017
... monetary policy rate on inflation in Nigeria using monthly data from January 2007 to August ...exchange rate and money supply influenced inflation, while annual treasury bill rate and monetary ...
11
The Long term Rate and Interest Rate Volatility in Monetary Policy Transmission
... future rate and variation in the implied volatility of 10-year rate around each FOMC ...two policy instruments which are time series of policy rate surprises and time series of ...
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Analysis of Exchange Rate and Interest Rate Policy Instruments’ Dynamics on Agricultural Growth in Nigeria
... nominal rate is an appreciation; an increase in the nominal rate is a depreciation or ...exchange rate will have effect on certain economic variables such as interest rate, money supply etc ...
10
EFFECTS OF MONETARY POLICY ON INTEREST RATE SPREAD IN KENYA
... Tbill rate had a negative effect on interest rate spread, Nampewo (2013) and Ondari ...Tbill rate had a positive effect on interest rate ...monetary policy rate had a positive ...
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What about monetary transmission in Albania? Is the exchange rate pass through (still) the main channel?
... monetary policy rate. In many countries this rate is the repo ...Monetary policy is eased in case this rate decreases, while on the contrary, monetary policy is tightened in case ...
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Monetary policy rules in practice: Evidence for Sri Lanka
... interest rate gap which is the difference between the effective policy rate and the interest rate implied by the estimated monetary policy rule and the inflation gap which is the ...
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Interest rate dynamics and monetary policy implementation in Switzerland
... target rate itself should have an influence on the ...important policy instrument are daily repo auctions with one-week ...repo rate governs the one-week repo rate in the interbank money ...
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Exchange Rate Pass through to Prices : Bayesian VAR Evidence for Ghana
... exchange rate pass-through in ...exchange rate pass-through for ...exchange rate. The implication is that exchange rate depreciation leads to an upsurge in domestic prices in Ghana however, ...
14
Policy irreversibility and interest rate smoothing
... current policy rate dependent on the lagged policy rates comes from the current policy rate’s increased influence on inflation expectations, it might not be the case once policy ...
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Monetary Policy Transmission and Bank Lending In South Korea and Policy Implications
... lending rate and positively affected by real GDP and the corporate bond ...lending rate and real bank deposits and a negative relationship with the central bank policy rate, the KRW/USD ...
7
Twin fallacies about exchange rate policy: A note
... Two assertions about exchange rate regimes circulate with some frequency in policy circles. The first, which could be called the hypothesis of the excluded middle, holds that authorities must either choose ...
12
Monetary Exchange Rate Policy and Current Account Dynamics
... exchange rate in the formulation of monetary policy is far from being ...exchange rate movements and therefore to ensure complete risk sharing the monetary authority should keep the exchange ...
32
Fiscal Policy, the Real Exchange Rate, and Commodity Prices
... These papers commonly assume a two-country world, in which the countries are similar in consumption patterns, production technology, or both. The countries considered in these models may be borrowers or lenders, but in ...
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Exchange rate policy and export performance of WAMZ countries
... Exchange rate policy and export performance has been studied in a large number of theoretical and empirical papers globally, focusing on its regime, extent of volatility and nominal/real ...exchange ...
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Towards an [Unlawful] Modernized EU VAT Rate Policy
... In late 2015, the European Commission announced a monumental U-turn on VAT rates policy. After decades of advocating the benefits of harmonisation of VAT rates across the EU Member States, and after many failed ...
12
Non Linear Fiscal Regimes and Interest Rate Policy
... interest rate rules, even if the steady state at which fi scal policy is active is locally saddle-path stable, there exist in fi nite equilibrium paths originating in the neighborhood of that steady state ...
13
Optimal exchange rate policy in a low interest rate environment
... However, as the recent experience of several Asian economies suggests, unless the central bank adopts a …xed exchange rate regime like China, it is not always possible to achieve a nominal depreciation. Orphanides ...
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Negative interest rate policy in a permanent liquidity trap
... nominal rate of interest on ex- cess reserves boosts an economy falling into the permanent liquidity trap to the extent that it lowers the nominal deposit ...change rate. If the natural nominal interest ...
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