Tags → Exchange
- Monetary and Exchange Rate Policy in Belarus: Analysis and Recommendations
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May 15, 2007 09:50
This paper describes and evaluates the current monetary and exchange rate policy of the National Bank of Belarus.
- Impact of Foreign Exchange Policy on Investment Activity in the Economy of the Republic of Uzbekistan
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May 15, 2007 09:51
This report calculates the elasticity coefficients of investment level changes by sector, in response to changes in the exchange rate of the national currency.
- Credibility of Exchange Rate Policies in Selected EU New Members: Evidence from High Frequency Data
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May 15, 2007 09:51
The paper examines the daily exchange rate dynamics in selected EU new member states (Czech Republic, Poland, Romania, and Slovakia) using GARCH and TARCH models between 1999 and 2004.
- Real Equilibrium Exchange Rates: To What Extent Applicable for Setting Central Parity
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May 15, 2007 09:51
The paper provides an introduction on estimation and methodology of the real equilibrium exchange rate and discusses to what extent these estimates are applicable for setting the central parity.
- Exchange Rate Variability, Pressures and Optimum Currency Area Criteria: Implications for the Central and Eastern European Countries
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May 15, 2007 09:51
This paper estimates the medium-term determinants of the bilateral exchange rate variability and exchange rate pressures for 20 developed countries in the 1990s.
- Would Fast Sailing towards the Euro Be Smooth What Fundamental Real Exchange Rates Tells Us about Acceding Economies.
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May 15, 2007 09:51
The study predicts that the Czech Republic is likely to experience difficulties during its stay in the Exchange Rate Mechanism (ERM II) if it was to introduce it too soon after the EU entry.
- Panel Estimations of PPP and Relative Price Models for CEECs: Lessons for Real Exchange Rate Modelling.
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May 15, 2007 09:53
The paper contributes to the recent empirical literature on real exchange rates in Central and Eastern European countries.
- Exchange Rate: Shock Generator or Shock Absorber
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May 15, 2007 09:53
The paper re-assesses the impact of exchange rate regimes on macroeconomic performance.
- Nominal and Real Convergence in Alternative Exchange Rate Regimes in Transition Countries: Implications for the EMU Accession
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May 15, 2007 09:53
This paper discusses the processes of nominal and real convergence and their dependence on exchange rate regimes adopted in Central and Eastern European countries (CEECs) in the context of their future EMU accession.
- Exchange Rate Regimes and the Nominal Convergence
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May 15, 2007 09:53
The paper examines theoretical literature, recent EMU accession examples, and current CEECs performance in search of the optimal currency regime for meeting the Maastricht criteria.
- Exchange Rate Variability and Foreign Direct Investment – Consequences of EMU Enlargement.
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May 15, 2007 09:53
The aim of the paper is to analyze theoretically and empirically the likely impact of the reduction in exchange rate uncertainty, due to the EMU accession, on the intensity of FDI inflow into candidate countries.
- Exchange Rate Regimes and the Real Sector: a Sectoral Analysis of CEE Countries
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May 15, 2007 09:53
This paper analyses the impact of exchange rate regimes on the real sector.
- Poland's Accession to EMU – Choosing the Exchange Rate Parity
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May 15, 2007 09:53
This paper deals with the choice of the exchange rate parity upon Poland's entry to EMU.
- Choosing the regime of currency exchange in Kyrgyzstan; official dollarization
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May 15, 2007 09:53
This research work analyses the results of contemporaneous policy of sustaining floating rate of som and describes international experience related to official dollarization.
- Exchange Rate Arrangements Prior To Euro Adoption
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May 15, 2007 09:54
This paper discusses the exchange rate policies in the three stages of the euro adoption process.
- Parallel exchange rates in developing countries
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November 23, 2007 13:11
Dual exchange rates and black markets for foreign exchange are common in developing countries, and a body of evidence is beginning to emerge on the effects that such parallel foreign exchange systems have on macroeconomic performance. This article presents a simple typology of parallel systems, discusses their emergence, and looks at why countries prefer these arrangements to the main alternatives.
- Macroeconomic stability in developing countries - How much is enough?
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December 3, 2007 16:52
The authors take a retrospective look at the content and implementation of the macroeconomic reform agenda of the 1990s. They review the progress achieved with fiscal, monetary, and exchange rate policies across the developing world, and the effectiveness of the changing policy framework in promoting stability and growth.
- Market disequilibria and inflation in Uzbekistan, 1994-2000
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December 3, 2007 17:08
The author develops, and applies a macroeconomic framework to ascertain the influence of domestic disequilibria, and external shocks on inflation dynamics in Uzbekistan. Using quarterly data for the period 1994:01 to 2000:03, he estimates several "long-run" relationships for the goods, money, and foreign exchange markets of Uzbekistan, which are characterized by multiple exchange rates, import restrictions, and other domestic administrative controls.
- Real exchange rate uncertainty and private investment in developing countries
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December 3, 2007 17:35
The author examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity.
- Belarusian Monthly Economic Review, №12(63), December 2007
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October 23, 2008 13:24
- The US administration froze the American assets of Belneftekhim.
- The government has not yet published its 2008 GDP forecast.
- Legislative act on constructing a nuclear power plant in Belarus is adopted.
- Decrease of gold and foreign exchange reserves is observed.
- Belarusbank plans to start preparation for IPO in 2008.






