Central Bank Policy Instruments And Exchange Market Pressure
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Central Bank Policy Instruments And Exchange Market Pressure
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Author : Lakmini Wickremeratne
language : en
Publisher:
Release Date : 2023
Central Bank Policy Instruments And Exchange Market Pressure written by Lakmini Wickremeratne and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Emerging economies have been facing increasingly volatile exchange rates due to recent developments in financial markets. Such volatility is concerning for policy makers as exchange market pressure could potentially destabilize an otherwise stable economy. This paper models the determinants of the exchange market pressure in Sri Lanka using monthly data from January 2003 to March 2019 and seeks to identify whether policy instruments of the Central Bank have a significant effect on reducing the pressure on the exchange rate. The study uses an Unrestricted Vector Auto Regression Model to identify the short term influence of the interest rate differential and foreign exchange market intervention on exchange market pressure and finds limited impact of these policy instruments. It then goes on to model a two state Markov Regime Switching Model which reveals that the interest rate differential is useful in deterring exchange market pressure during times of turbulence in the foreign exchange market. The findings reveal that intervention in the foreign exchange market, while signaling the monetary authority's commitment to defend the exchange rate in the short term, might lead to expectations for further depreciation in the medium term; resulting in a self-fulfilling prophecy.
Exchange Market Pressure And Central Bank Policy
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Author : Beoy Kui Ng
language : en
Publisher:
Release Date : 1988
Exchange Market Pressure And Central Bank Policy written by Beoy Kui Ng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Banks and banking, Central categories.
Monetary Policy Instruments For Developing Countries
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Author :
language : ru
Publisher: World Bank Publications
Release Date :
Monetary Policy Instruments For Developing Countries written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Two Targets Two Instruments
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Author : Mr.Jonathan David Ostry
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-29
Two Targets Two Instruments written by Mr.Jonathan David Ostry and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-29 with Business & Economics categories.
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Monetary Policy Instruments For Developing Countries
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Author : Gerard Caprio
language : en
Publisher:
Release Date : 1990
Monetary Policy Instruments For Developing Countries written by Gerard Caprio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Monetary policy categories.
Rapidly changing financial markets have led many industrial and some developing countries to change to indirect methods of monetary control. More developing countries can be expected to follow their lead.
Central Bank Policy
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Author : Perry Warjiyo
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-07-25
Central Bank Policy written by Perry Warjiyo and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-25 with Business & Economics categories.
Central Bank Policy: Theory and Practice analyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and practices of central bank policy.
Measuring Exchange Market Pressure And Central Bank Intervention
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Author : Mikko Spolander
language : en
Publisher:
Release Date : 1999
Measuring Exchange Market Pressure And Central Bank Intervention written by Mikko Spolander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Banks and banking categories.
Tiivistelmä.
Monetary Policy In The Philippines During Periods Of Financial Crisis And Changes In Exchange Rate Regime
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-12-07
Monetary Policy In The Philippines During Periods Of Financial Crisis And Changes In Exchange Rate Regime written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-12-07 with Business & Economics categories.
This paper examines some of the key issues in the conduct of Philippine monetary policy since 1984, including the various shocks to the economy and the monetary authorities’ choice of intermediate policy targets and instruments used to achieve those targets. Against this background, estimates of demand functions for various categories of monetary aggregates and tests of stability are reported. A monetary model of exchange market pressure is also estimated. The results suggest that even after the adoption of a floating exchange rate system, the authorities allowed changes in foreign reserves to continue to absorb most of the exchange market pressure.
The Implementation Of Monetary Policy In Industrial Countries
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Author : C. E. V. Borio
language : en
Publisher:
Release Date : 1997
The Implementation Of Monetary Policy In Industrial Countries written by C. E. V. Borio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Bank liquidity categories.
Perspectives On The Role Of A Central Bank
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Author : Mr.Paul A. Volcker
language : en
Publisher: International Monetary Fund
Release Date : 1991-06-15
Perspectives On The Role Of A Central Bank written by Mr.Paul A. Volcker and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-06-15 with Business & Economics categories.
SCOTT (Copy 1): From the John Holmes Library Collection.