Since 2014
Exchange Rate Policy Tensions: A Comparative Study between North Africa and Central & Eastern Europe
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Exchange Rate Policy Tensions: A Comparative Study between North Africa and Central & Eastern Europe
|
|
| Creator |
Massoud, Ali
Horvath, Julius |
|
| Description |
The performance of small open economies depends - to an extent - on the tension between government’s economic policy preferences and actual behavior. This tension can be nicely studied by analyzing the behavior of exchange rates, where one observes tensions between proclaimed de jure and de facto exchange rate policies. Typically a country makes a de jure commitment to a peg if it attempts to persuade markets of its strict monetary-policy priorities; similarly a country makes a de jure commitment to a float if it wants to keep monetary policy in its own hands. In this paper we measure the flexibility of exchange rate which partially helps in deciphering the de facto behavior. For this purpose, we use comparative data of two sets of countries: North African as well as Central and Eastern European.
|
|
| Publisher |
Redfame Publishing
|
|
| Contributor |
—
|
|
| Date |
2015-08-10
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://redfame.com/journal/index.php/aef/article/view/1030
10.11114/aef.v2i4.1030 |
|
| Source |
Applied Economics and Finance; Vol 2, No 4 (2015); 25-35
2332-7308 2332-7294 |
|
| Language |
eng
|
|
| Relation |
http://redfame.com/journal/index.php/aef/article/view/1030/956
|
|