Monetary and Exchange Rate Policy for Financial Stability and Growth in MENA Countries
| Autor: | Tolga Dağlaroğlu, Baki Demirel |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
Inflation
050208 finance MENA Financial stability Inflation targeting media_common.quotation_subject 05 social sciences General Engineering Energy Engineering and Power Technology International economics Exchange-rate regime Exchange Rate System Shock (economics) Exchange rate OCA Area 0502 economics and business Economics 050207 economics Inflation Targeting OCA Index media_common |
| Popis: | 5th Istanbul Conference of Economics and Finance -- JUN 06-07, 2016 -- Yildiz Tech Univ, Istanbul, TURKEY WOS:000386630100039 Using the exchange rate as a nominal anchor is very successful for taking control of inflationary expectations. The countries in the MENA region switching to a more flexible exchange rate regime will mitigate the effects of external shock. Establishing Monetary Union emerges as an alternative of flexible exchange rate and inflation targeting preference for the MENA countries. As take in to account the whole findings, we cannot mention the existence of a co-ordination between all of MENA countries in terms of inflation, growth, monetary expansion and budget performance. Therefore we can say that monetary union is an inappropriate choice of exchange for countries of the region and MENA region has not complied with OCA criteria yet. (C) 2016 The Authors. Published by Elsevier B.V. Istanbul Econ & Finance Assoc, Isik Univ, Galatasaray Univ |
| Databáze: | OpenAIRE |
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