Academic Journal
Republic of Serbia!
| العنوان: | Republic of Serbia! |
|---|---|
| المؤلفون: | Kosta Josifidis, Jean-pierre Allegret, Emilija Beker Pucar |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://hal.archives-ouvertes.fr/docs/00/40/47/29/PDF/Panoeconomicus-1.pdf. |
| سنة النشر: | 2009 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | Key words, Exchange rate targeting, Inflation targeting, Intermediate exchange rate regimes, Monetary transmission channels. JEL, E42, E52, F41 |
| الوصف: | Slovakia and the Republic of Serbia, concerning abandonment of the exchange rate targeting and fixed exchange rate regimes and movement toward explicit/implicit inflation targeting and flexible exchange rate regimes. The paper identifies different subperiods concerning crucial monetary and exchange rate regimes, and tracks the changes of specific monetary transmission channels i.e exchange rate channel, interest rate channel, indirect and direct influences to the exchange rate, with variance decomposition of VAR/VEC model. The empirical results indicate that Polish monetary strategy toward higher monetary and exchange rate flexibility has been performed smoothly, gradually and planned, compared to the Slovak and, especially, Czech case. The comparison of three former transition economies with the Serbian case indicate strong and persistent exchange rate pass-through, low interest rate pass-through, significant indirect and direct influence to the exchange rate as potential obstacles for successful inflation targeting in the Republic of Serbia. |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.393.7026; http://hal.archives-ouvertes.fr/docs/00/40/47/29/PDF/Panoeconomicus-1.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.393.7026 http://hal.archives-ouvertes.fr/docs/00/40/47/29/PDF/Panoeconomicus-1.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.74452776 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |