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dc.contributor.authorEl-Hodiri, Mohamed
dc.contributor.authorMukhamediyev, Bulat
dc.date.accessioned2015-12-10T16:54:19Z
dc.date.available2015-12-10T16:54:19Z
dc.date.issued2014
dc.identifier.citationEl-Hodiri, Mohamed A. and Bulat Mukhamediyev. "Monetary Policy Rules in Some Transition Economies." Eurasian Journal of Economics and Finance EJEF 2.3 (2014): 26-44. http://dx.doi.org/10.15604/ejef.2014.02.03.002en_US
dc.identifier.urihttp://hdl.handle.net/1808/19155
dc.descriptionThis is the published version. Copyright 2014 Eurasian Publicationsen_US
dc.description.abstractIn this paper we examine the question of whither monetary rules or ad hoc monetary policies were followed during the early stages of transition and in response to the global financial crisis. We study Eastern European countries and thee CIS countries. We find that during the early of transition, both developed economies and economies in transition used the monetary base, as well as the interest rate, as the main tools for monetary policy. However, in response to the global crises, priority was given to the main objective such as containing inflation and supporting economic growth. Monetary authorities had the additional possible choice of alternative objectives, such as stabilization of nominal exchange rate and real effective exchange rate, or increase in reserves. It was found that countries mostly retained priorities of monetary policy and some of them gave a greater importance to the alternative objectives.en_US
dc.publisherEurasian Publicationsen_US
dc.subjectMonetary Policy Ruleen_US
dc.subjectInterest Rateen_US
dc.subjectExchange Rateen_US
dc.subjectExpectationen_US
dc.subjectEconometric Modelen_US
dc.subjectInstrumenten_US
dc.subjectTransition Economiesen_US
dc.titleMonetary Policy Rules in Some Transition Economiesen_US
dc.typeArticle
kusw.kuauthorEl-Hodiri, Mohamed
kusw.kudepartmentEconomicsen_US
dc.identifier.doi10.15604/ejef.2014.02.03.002
dc.identifier.orcidhttps://orcid.org/0000-0003-1207-5539
kusw.oaversionScholarly/refereed, publisher version
kusw.oapolicyThis item meets KU Open Access policy criteria.
dc.rights.accessrightsopenAccess


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