The Relationship Between Exchange Rate Policy and Monetary Policy
| المصدر: | مجلة الدراسات والبحوث التجارية |
|---|---|
| الناشر: | جامعة بنها - كلية التجارة |
| المؤلف الرئيسي: | Ahmed, Sohair Thabet (Author) |
| المجلد/العدد: | س40, ع4 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2020
|
| الصفحات: | 857 - 880 |
| ISSN: |
1110-1547 |
| رقم MD: | 1186619 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Exchange Rate | Managed Floating | Interest Rate Parity | Monetary Policy | Cointegration | Emerging Market
|
| رابط المحتوى: |
عدد مرات التحميل
13
| المستخلص: |
The equilibrium between the supply and demand of the domestic currency that is reflected in the foreign exchange market, could be explained by three factors: domestic interest rate, foreign interest rate, change in the expected future exchange rate. The present study aims at evaluating the interest rate parity (UIP) in Egypt over the period 11/2014 - 9/2019 using Johansen cointegration test. The results reflect existence of deviation from the uncovered UIP condition as well as the long-term equilibrium relationship between Egyptian treasury bill rate and American treasury bill rate. Moreover, the devaluation of the Egyptian currency on November 3, 2016 has reduced the exchange rate volatility and provides the monetary policy with the exchange rate stability but increases the Egyptian treasury bill rate and its volatility. |
|---|---|
| ISSN: |
1110-1547 |
عناصر مشابهة
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Emprircal Evidence on The effects of Shocks to Monetary Policy on Exchange Rates : The Case of 1997 East Asian Financial Crisls
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بواسطة: Al Refai, Ahmed S. منشور: (1999) -
Investigating Relationship Between the Bahraini Exchange Rate Policy and Domestic Inflation Using Time Series Approach
بواسطة: Al Yousha, Ahmed منشور: (1997) -
The Impact of Capital Inflows on Egypts Exchange Rate Policy
بواسطة: Helmy, Omneia Amin منشور: (1997) -
INDEPENDENCE OF MONETARY POLICY UNDER FIXED EXCHANGE RATES THE CASE OF SAUDI ARABIA, KUWAIT, QATAR, AND UAE
بواسطة: Al Hoshan, hamed M. H. منشور: (1997)
