Download The Monetary Transmission Mechanism In South Africa full books in PDF, epub, and Kindle. Read online The Monetary Transmission Mechanism In South Africa ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : M. M. Smal
Publisher :
ISBN 13 : 9781958431061
Total Pages : 17 pages
Book Rating : 4.60/5 ( download)
Download or read book The Monetary Transmission Mechanism in South Africa written by M. M. Smal and published by . This book was released on 2001 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Andrew Berg
Publisher : International Monetary Fund
ISBN 13 : 1484351126
Total Pages : 54 pages
Book Rating : 4.23/5 ( download)
Download or read book The Monetary Transmission Mechanism in the Tropics written by Mr.Andrew Berg and published by International Monetary Fund. This book was released on 2013-09-20 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary transmission in such countries. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find clear evidence of the transmission mechanism in most of the countries, and argue that deviations can be explained by differences in the policy regime in place.
Author : M. Ncube
Publisher : Springer
ISBN 13 : 1137334150
Total Pages : 259 pages
Book Rating : 4.52/5 ( download)
Download or read book Monetary Policy and the Economy in South Africa written by M. Ncube and published by Springer. This book was released on 2013-08-30 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs. Each chapter uses data and relevant methodology to answer empirical and pertinent policy questions in South Africa. The book gives new insights into understanding these areas of economic policy and the wider emerging-markets.
Author : Mr.Hamid Reza Davoodi
Publisher : International Monetary Fund
ISBN 13 : 1475553498
Total Pages : 59 pages
Book Rating : 4.99/5 ( download)
Download or read book Monetary Transmission Mechanism in the East African Community written by Mr.Hamid Reza Davoodi and published by International Monetary Fund. This book was released on 2013-02-06 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation—posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. The paper offers some suggestions for strengthening the MTM in the EAC.
Author : Commission of Inquiry into the Monetary System and Monetary Policy in South Africa
Publisher :
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.32/5 ( download)
Download or read book The Monetary System and Monetary Policy in South Africa written by Commission of Inquiry into the Monetary System and Monetary Policy in South Africa and published by . This book was released on 1985 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Prachi Mishra
Publisher : International Monetary Fund
ISBN 13 : 1455208884
Total Pages : 44 pages
Book Rating : 4.83/5 ( download)
Download or read book Monetary Transmission in Low Income Countries written by Ms.Prachi Mishra and published by International Monetary Fund. This book was released on 2010-10-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate channel is also undermined by central bank intervention in the foreign exchange market. These conclusions are supported by review of the institutional frameworks, statistical analysis, and previous literature.
Author : Mr.Luis Brandao-Marques
Publisher : International Monetary Fund
ISBN 13 : 1513529730
Total Pages : 54 pages
Book Rating : 4.38/5 ( download)
Download or read book Monetary Policy Transmission in Emerging Markets and Developing Economies written by Mr.Luis Brandao-Marques and published by International Monetary Fund. This book was released on 2020-02-21 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Author : Mr.Ales Bulir
Publisher : International Monetary Fund
ISBN 13 : 1513574884
Total Pages : 37 pages
Book Rating : 4.82/5 ( download)
Download or read book Monetary Transmission written by Mr.Ales Bulir and published by International Monetary Fund. This book was released on 2015-11-20 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-income countries. We find a robust link from shortterm policy and interbank rates to longer-term bond yields. Two policy implications emerge. First, the presence of well-developed secondary financial markets does not seem to affect transmission of short term rates along the yield curve. Second, the strength of the transmission mechanism seems to be affected by the choice of the monetary regime: countries with a credible inflation targeting regime seem to have “better behaved” yield curves than those with other monetary regimes.
Author : Alain N. Kabundi
Publisher : International Monetary Fund
ISBN 13 : 1484371674
Total Pages : 29 pages
Book Rating : 4.71/5 ( download)
Download or read book Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa written by Alain N. Kabundi and published by International Monetary Fund. This book was released on 2018-07-30 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the key factors that explain the documented decline in the exchange rate pass-through in South Africa over the past two decades, which coincides with the adoption of the inflation-targeting regime. The paper conjectures, in line with the literature, that this outcome is largely due to improved monetary policy credibility. To do this, it first documents the factors that explain monetary policy credibility. Using the standard deviation of individual inflation forecasts as a measure of monetary policy credibility, its shows that the latter is negatively affected by the level of inflation itself, monetary policy uncertainty, and a measure of the unobserved stochastic volatility of inflation. The second phase proceeds by analyzing the determinants of the pass-through using the monetary policy credibility index derived from the first phase. The paper confirms the remarkable achievement that, despite the many shocks that the economy has witnessed, the declining pass-through is indeed explained by the improving monetary policy credibility.
Author : Lavan Mahadeva
Publisher : Cambridge University Press
ISBN 13 : 9781139434508
Total Pages : 280 pages
Book Rating : 4.00/5 ( download)
Download or read book Monetary Transmission in Diverse Economies written by Lavan Mahadeva and published by Cambridge University Press. This book was released on 2002-10-17 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transmission mechanism of monetary policy explains how monetary policy works - which variables respond to interest rate changes, when, why, how, how much and how predictably. It is vital that central banks and their observers, worldwide, understand the transmission mechanism so that they know what monetary policy can do and what it should do to stabilize inflation and output. The volume sets out different aspects of the transmission mechanism. Some chapters scrutinize the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the USA, the Euro area and developing countries. Other chapters focus on modelling crucial aspects such as productivity, the exchange rate and the monetary sector. These issues are counterpointed by contributions that analyse monetary policy in Japan and the UK.
