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Monetary Policy Rules in Some Transition Economies
dc.contributor.author | El-Hodiri, Mohamed | |
dc.contributor.author | Mukhamediyev, Bulat | |
dc.date.accessioned | 2015-12-10T16:54:19Z | |
dc.date.available | 2015-12-10T16:54:19Z | |
dc.date.issued | 2014 | |
dc.identifier.citation | El-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.2014.02.03.002 | en_US |
dc.identifier.uri | http://hdl.handle.net/1808/19155 | |
dc.description | This is the published version. Copyright 2014 Eurasian Publications | en_US |
dc.description.abstract | In 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.publisher | Eurasian Publications | en_US |
dc.subject | Monetary Policy Rule | en_US |
dc.subject | Interest Rate | en_US |
dc.subject | Exchange Rate | en_US |
dc.subject | Expectation | en_US |
dc.subject | Econometric Model | en_US |
dc.subject | Instrument | en_US |
dc.subject | Transition Economies | en_US |
dc.title | Monetary Policy Rules in Some Transition Economies | en_US |
dc.type | Article | |
kusw.kuauthor | El-Hodiri, Mohamed | |
kusw.kudepartment | Economics | en_US |
dc.identifier.doi | 10.15604/ejef.2014.02.03.002 | |
dc.identifier.orcid | https://orcid.org/0000-0003-1207-5539 | |
kusw.oaversion | Scholarly/refereed, publisher version | |
kusw.oapolicy | This item meets KU Open Access policy criteria. | |
dc.rights.accessrights | openAccess |
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