Author: Rup SinghPublisher:
ISBN:
Category :
Languages : en
Pages : 62
Book Description
Cointegration and Demand for Money in the Selected Pacific Island Countries
Author: Rup SinghPacific Economic Bulletin
Author: An Investment Equation for Fiji
Author: Raj SinghSurvey of Literature on Demand for Money
Author: Mr.Subramanian S. SriramPublisher: International Monetary Fund
ISBN: 1451848544
Category : Business & Economics
Languages : en
Pages : 78
Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Recent Developments in Asian Economics
Author: William A. BarnettPublisher: Emerald Group Publishing
ISBN: 183867361X
Category : Business & Economics
Languages : en
Pages : 371
Book Description
Recent Developments in Asian Economics is a crucial resource of current, cutting-edge research for any scholar of international finance and economics. Chapters cover a wide range of topics, such as social welfare systems, organizational culture, sustainability, the impact of economic policy uncertainty, and more.
Foreign Direct Investment, Trade and Economic Growth
Author: Shahid AhmedPublisher: Routledge
ISBN: 1317809939
Category : Business & Economics
Languages : en
Pages : 398
Book Description
This volume examines the opportunities and challenges in Foreign Direct Investment (FDI) and trade, particularly service trade, for developing and emerging economies in a globalised world. Using comprehensive case studies from India, Pakistan, Bangladesh, Association of Southeast Asian Nations (ASEAN) and other South Asian Association for Regional Cooperation (SAARC) countries, it explores various channels through which trade and FDI affect the process of economic growth and development. In particular, it determines growth trajectories impelled by service trade (such as telecommunications, transport, finance and distribution), where developing countries are playing an increasingly significant role. It also discusses value chains and production networks in the backdrop of the financial crisis of 2008. Combining theoretical and empirical tools, rigorous methodology and latest data, this work will serve as an important resource for formulation of international trade and economic policies in developing countries. It will be of special interest to students, researchers and policy makers dealing with international trade and FDI, and those in economics, commerce, business & management and political science.
An Empirical Assessment of the Exchange Rate Pass-through in Mozambique
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1513573691
Category : Business & Economics
Languages : en
Pages : 34
Book Description
Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 2001 to 2019. Results suggest that the ERPT is assymetric, sizable and fast, with 50 percent of the exchange rate variations passing through to prices in less than six months. Policy-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for the ERPT to decline.
Journal of Travel Research
Author: Small Economies and Global Economics
Author: J. Ram PillarisettiPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 548
Book Description
Small nations are facing increasing challenges and some new opportunities in a globalising world. Although the problems facing small nations vary widely, these economies tend to have several common concerns and opportunities. The aim of this book is to disseminate knowledge and information about the challenges that small nations or groups of small nations are facing and how they are responding to the challenges posed by growing globalisation.
Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands
Author: Mr.Shanaka J. PeirisPublisher: International Monetary Fund
ISBN: 1475505248
Category : Business & Economics
Languages : en
Pages : 16
Book Description
Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand.