منابع مشابه
The impact of exchange rate on economic growth under different exchange rate regimes (in selected countries developed and developing)
This paper examines the role of different exchange rate regimes on relationship between exchange rate volatility and economic growth. To investigate this relationship, information of 53 countries with floating and fixed exchange rate regimes in the period of 1987-2016 are considered. GARCH technique is used to estimate exchange rate volatility and Difference GMM technique for estimating the mo...
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Exchange Rate Policy of Iran
The exchange rate regime in Iran is practically fixed. The Central Bank of Iran (CBI) has committed itself to trying to bring about a particular exchange rate regime to meet two important targets: 1. Sustaining competitiveness of the economy, 2. Acquiring the share of foreign reserves in monetary base in a predetermined level. Since 2001 the share of foreign reserves in monetary base has i...
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This paper tests for long-run macroeconomic convergence among European Union countries according to the various exchange rate regimes that have prevailed over the last forty years. Applying a recently developed test to monthly index of industrial production data, output convergence is confirmed or rejected depending on whether or not the first largest principal component based on benchmark devi...
متن کاملPolicy Time-Inconsistency: A Comparison of Managed Floating Exchange Rate and Controlled Exchange Rate Regimes
Some empirical and theoretical studies have emphasized on fixed exchange rate regime in controlling time inconsistency, while others consider the role of target zone regime as an important factor. Thus there is no general consensus to decide which exchange rate regime may bring about less time-inconsistency. The main purpose of this study is to investigate policy time-inconsistency in exchange ...
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ژورنال
عنوان ژورنال: Gospodarka Narodowa
سال: 2001
ISSN: 0867-0005,2300-5238
DOI: 10.33119/gn/113916