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|a eng
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|b مصر
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|9 530715
|a Ahmed, Sohair Thabet
|e Author
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|a The Relationship Between Exchange Rate Policy and Monetary Policy
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|b جامعة بنها - كلية التجارة
|c 2020
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|a 857 - 880
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|a بحوث ومقالات
|b Article
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|b 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.
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|a السياسة النقدية
|a أسعار الصرف
|a أسعار الفائدة
|a مصر
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692 |
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|b Exchange Rate
|b Managed Floating
|b Interest Rate Parity
|b Monetary Policy
|b Cointegration
|b Emerging Market
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773 |
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|4 الإدارة
|6 Management
|c 050
|f Mağallaẗ Al-Dirāsāt wa Al-Buḥūṯ Al-Tiǧāriyyaẗ
|l 004
|m س40, ع4
|o 1918
|s مجلة الدراسات والبحوث التجارية
|t Journal of Studies and Business Research
|v 040
|x 1110-1547
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856 |
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|u 1918-040-004-050.pdf
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930 |
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|d y
|p y
|q n
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|a EcoLink
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|c 1186619
|d 1186619
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