The Relation Between Excess Domestic Liquidity and Balance Of Payments Disequilibrium : Evidence From Egypt
| المصدر: | مجلة التجارة والتمويل |
|---|---|
| الناشر: | جامعة طنطا - كلية التجارة |
| المؤلف الرئيسي: | El Khadrawi, Ahmed Fathi (Author) |
| المجلد/العدد: | ع2 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2014
|
| الصفحات: | 1 - 14 |
| ISSN: |
1110-4716 |
| رقم MD: | 666573 |
| نوع المحتوى: | بحوث ومقالات |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
عدد مرات التحميل
17
| المستخلص: |
This paper tests the monetary approach to Egypt’s balance of payments during the period 1980 to 2012. It examines whether excess domestic supply played a role as a disturbance. The empirical results suggest that money played a significant role in determining the balance of payments. The one-to-one negative relationship and strong link between domestic credit and the flow of international reserves is established,. The results confirm that balance of payment in Egypt is a purely monetary phenomenon. The monetary authority in the country should seriously monitor budget deficit because this also cause domestic credit increase. The policy conclusion is that, given a stable demand for money function. balance of payments disequilibrium can be corrected through appropriate financial programming and monetary targeting. |
|---|---|
| ISSN: |
1110-4716 |
عناصر مشابهة
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