Academic literature on the topic 'Monetary policy – Developing countries'

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Journal articles on the topic "Monetary policy – Developing countries"

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Weeks, John, and Sheila Page. "Monetary Policy in Developing Countries." Economic Journal 106, no. 434 (January 1996): 250. http://dx.doi.org/10.2307/2234961.

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Đogo, Marko, Dragan Gligorić, Miloš Grujić, and Boško Mekinjić. "THE IMPOSSIBLE TRINITY OF DEVELOPING COUNTRIES – THE GREEK EXAMPLE." Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu/Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business 41, no. 1 (June 30, 2023): 271–97. http://dx.doi.org/10.18045/zbefri.2023.1.271.

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The mobility of factors of production from the very beginnings of the theory of the optimal currency area (OCA) stands out as one of the primary mechanisms for achieving a balance of payments, i.e. sustainability of the monetary union (Mundell criterion). However, there is a significant qualitative difference between the monetary union of countries with similar income levels and the one with different development stages Namely, in the first case, labor mobility, as a rule, has short-term economic effects, while it has a longer-term (more negative) impact – especially on the long-run aggregate supply (LRAS). Many Eastern European countries, which expressed a desire to become part of European integration and the monetary union after the communist ruin, experienced this. In a previous paper, the authors set the thesis about “Impossible Trinity of Developing Countries”. In this paper, the aspiration is to confirm the validity of this theory by analyzing Greece within the period 1999-2020, specifically observing the impact of three variables (fiscal policy, social development level, and level of economic freedom) on the emigration of the population under conditions of monetary union and labor force mobility. The results obtained in this research indicate that the fiscal policy in the observed period was the most significant factor in explaining migration trends. The implications for developing countries that are currently entering (such as Croatia) or intend to enter the monetary union with more developed countries in the future are particularly significant.
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Gerrard, Christopher, Robert Lucas, and Tom Porter. "Monetary policy in developing countries: lessons from Kenya." Journal of International Trade & Economic Development 12, no. 2 (June 2003): 185–216. http://dx.doi.org/10.1080/0963819032000084359.

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Usmabn, Muhammad, Gulnaz Hameed, Hajra Bibi, and Shoaib Hassan. "Optimal Monetary Policy Transmission Mechanism for Economic Growth of Developing Countries." Foundation University Journal of Business & Economics 8, no. 2 (October 25, 2023): 20–41. http://dx.doi.org/10.33897/fujbe.v8i2.808.

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This paper assesses the role of monetary policy on economic growth in selected developingcountries and empirically estimates a dynamic model for exploring the performance of monetarypolicy in developing countries. The panel data is collected for 44 developing countries from 1974to 2018. The analysis is carried out through the Generalized Method of Moment (GMM) which isefficient to handle the problem of endogeneity and serial correlation. The results of monetaryindicators show that expansionary monetary policy is best suited for economic growth indeveloping countries. The results of the money supply and banks reserve ratio suggested thatexpansionary monetary policy is more appropriate for selected countries over contractionarymonetary policy. In a similar line, population growth performs a negative impact on economicgrowth while the developing countries are labor-abundant, and analysis supports that the laborforce has a positive role in economic growth. Based on empirics, it is suggested that expansionary monetary policy is more effective for economic growth and economic stability in selectedcountries.
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Montiel, Peter J. "The Transmission Mechanism for Monetary Policy in Developing Countries." Staff Papers - International Monetary Fund 38, no. 1 (March 1991): 83. http://dx.doi.org/10.2307/3867036.

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ANWAR, Cep Jandi, and Indra SUHENDRA. "Monetary Policy Independence and Bond Yield in Developing Countries." Journal of Asian Finance, Economics and Business 7, no. 11 (November 30, 2020): 23–31. http://dx.doi.org/10.13106/jafeb.2020.vol7.no11.023.

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Montiel, Peter. "The Transmission Mechanism for Monetary Policy in Developing Countries." IMF Working Papers 90, no. 47 (1990): 1. http://dx.doi.org/10.5089/9781451972801.001.

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Agung, Juda. "FINANCIAL DEREGULATION AND THE BANK LENDING CHANNEL IN DEVELOPING COUNTRIES: THE CASE OF INDONESIA." Buletin Ekonomi Moneter dan Perbankan 3, no. 1 (October 11, 2003): 121–45. http://dx.doi.org/10.21098/bemp.v3i1.290.

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The dominant role of commercial banks as a source of finance and the considerable asymmetry of information in financial markets in developing countries have raised an argument that the bank lending channel of monetary transmission mechanism would be very important in such countries. This study addresses the issue by investigating empirically whether there are differential effects of monetary policy on banks’ balance sheets, and its implications to the existence of the bank lending channel of monetary policy in Indonesia, especially since the early 1980s when the government adopted a policy of financial deveculation. We find significant differences of balance sheet behavior across bank clashes in response to a change in monetary policy, consistent with the predictions of the bank lending view. We also found that because of access to foreign funds and the existence of bank loan commitment, the monetary policy was unable to constrain loan supply by the large (state) banks, indicating that the bank lending channel operates through smaller (non-state) banks.
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Awad, Fadhel Jawid. "Impact of monetary policy on economic growth in developing countries for 1990-2015 (Malaysia model)." Tikrit Journal For Political Science, no. 16 (July 2, 2019): 16. http://dx.doi.org/10.25130/poltic.v0i16.138.

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Monetary policy is an important part in the general economic policy, most countries seek various economic doctrines to make the tools of monetary policy leads compatible with its objectives, including economic policy and the adequacy of work to do so. The economic growth highlights the importance of a key indicator of economic activity in the country and whether it was in favor of the recession or prosperity and that the basic outcome of the development process, it is important that the study of the effect of monetary policy in the economic growth achieved. Perceived from the facts that there was a relationship between the nature of the monetary policy adopted in the country and the economic growth achieved by it, the core of the problem of research is the following question: is there an effect of monetary policy in the growth performance and the nature of the impact, if any. In the same subject, Malaysia is one of those states that seek to achieve development and economic growth. And there is a strong correlation between the success of monetary policy in the use of tools to achieve its objectives on the one hand and between economic growth and development, on the other.
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FRY, MAXWELL J. "MONETARY POLICY REACTION TO FOREIGN DEBT ACCUMULATION IN DEVELOPING COUNTRIES." Manchester School 61, S1 (September 21, 2010): 60–75. http://dx.doi.org/10.1111/j.1467-9957.1993.tb01467.x.

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Dissertations / Theses on the topic "Monetary policy – Developing countries"

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Ononugbo, Michael Chinedu. "Monetary policy in developing countries : the case of Nigeria." Thesis, University of Leeds, 2012. http://etheses.whiterose.ac.uk/3663/.

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In recent times, monetary policy has increasingly adopted the interest rate as an instrument and inflation as the ultimate objective. This is congruous with the propositions of the New consensus macroeconomics (NCM) and synonymous with the somewhat widespread practice of inflation targeting. However, the optimality of a monetary policy approach depends critically on its effectiveness and costs; which would differ between developing and developed countries. This thesis investigates the effectiveness and costs of an NCM-type monetary policy in Nigeria. Essentially, it is a systematic study of the implications of monetary policy in Nigeria, while paying attention to the peculiarities of the Nigerian economy and using a rigorous up-to-date framework. Effectiveness is investigated by considering some underlying assumptions of the NCM. First, the assumption of a complete pass-through from the policy interest rate to the market rates (which is critical for the success of monetary policy) is investigated. Here an array of market, retail deposit and lending rates are examined while an attempt is also made to capture the role of financial market (under)development. Second, the effect of monetary policy on aggregate demand is investigated, since it constitutes the intermediate target of policy. Given the high incidence of poverty in Nigeria and our associated assumption that consumption would, in this case, be inelastic to policy changes, the aggregate demand effect is limited to investigating the responsiveness of investment to monetary policy induced changes in the interest rate. Finally, the cost and benefit analysis of monetary policy in Nigeria is investigated by estimating a NCM-type Phillips curve. To understand the dynamics and source of inflation the standard NCM-type Phillips curve is augmented with supply factors. The relative importance of demand vis-à-vis supply factors as well as the cost and benefits of disinflation are thereafter determined. These are analysed using both theoretical and empirical approaches. Results indicated that an NCM-type monetary policy is generally ineffective in anchoring interest rates or aggregate demand and may be conducted at a considerably high cost in terms of output loss and financial instability. These findings and their policy implications are not entirely surprising given the institutional features of the Nigerian economy. They generally suggest that the use of interest rate policies tended to create more problems than it can solve. Hence, to avert the associated problems, there is a need for other instruments which the central bank can control effectively. Moreover, monetary policy focus should be on long-run output expansion and short-run price-stability, rather than the converse. This would have the benefit of moderating poverty and unemployment.
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Shah, Imran Hussain. "Three essays on monetary policy and inflation in developing countries." Thesis, University of Leicester, 2012. http://hdl.handle.net/2381/10202.

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The principal objective of this thesis is to evaluate appropriate measures of inflation which are to be applicable for implementing monetary policy in developing countries. The first essay attempts to assess real effects of high inflation episodes for Indonesia, Malaysia and Pakistan. In order to investigate the real effects of high inflation episodes, the study adopts an indicator for the inflationary real effect, named inflationary real response (IRR), which is the difference between the expected and output-neutral inflation. Both the expected and output-neutral inflation are computed as the decomposition of shocks induced in the vector autoregressive (VAR) model. The main finding of this chapter is that there is a positive real effect in economic growth in the period after high inflation. The second essay investigates the responses of real output and inflation to oil price, aggregate supply and demand shocks in the four Asian developing countries; Indonesia, Malaysia, Pakistan, and Thailand. The structural VAR model is used to identify the different shocks and to explore the relative contributions of these shocks in explaining macroeconomic fluctuations. It is found that oil price shocks have negligible effects on economic activities for all the examined countries. However, aggregate supply and demand shocks are key sources of variation in output and inflation. The final essay examines whether the central bank should target a broader measure of the price index that incorporates stock prices alongside the prices of current goods and services. The primary contribution of this chapter is the estimation of a price index that can be efficiently utilised by central banks aiming to minimise output volatility. The results suggest that the central bank should use a price index that gives a sizeable weight to the fundamental component of stock prices to minimise output gap variance.
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Trong, Le Huy. "FISCAL AND MONETARY POLICY IN DEVELOPING COUNTRIES : THE CASE OF VIETNAM." Kyoto University, 1999. http://hdl.handle.net/2433/181772.

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要旨pdfファイル:学位記番号「経博第77号」
Kyoto University (京都大学)
0048
新制・課程博士
博士(経済学)
甲第7622号
経博第79号
新制||経||138(附属図書館)
UT51-99-G216
京都大学大学院経済学研究科現代経済学専攻
(主査)教授 吉田 和男, 教授 瀬地山 敏, 教授 古川 顕
学位規則第4条第1項該当
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Gemech, Firdawek Lemma. "Demand for money and the conduct of monetary policy in developing countries." Thesis, University of Glasgow, 1990. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.311460.

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Kwakye, J. K. "IMF stabilisation programmes and developing countries : A case study of Ghana." Thesis, University of Reading, 1987. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.376778.

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Fielding, David. "The macroeconomics of developing countries : an analysis of the Co-operation Financiere Africaine." Thesis, University of Oxford, 1993. http://ora.ox.ac.uk/objects/uuid:b2b1f940-d4c0-4562-8a72-6455c0681ad9.

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The CFA consists several African economies adhering to one of two common currencies, and one of two central banks. The rules of the monetary union provide for the pooling of foreign assets, and the regulation of monetary expansion in each country. The French treasury guarantees the convertibility of CFA Francs into French Francs at a fixed rate. The thesis examines the impact of CFA membership on the macroeconomic performance of member states, assessing the claim that CFA institutions have influenced capital and labour markets, and have modified short run adjustment to external shocks. There are a number of reasons why CFA membership could facilitate higher investment, (i) The rules governing money creation may lead to greater monetary prudence, and so lower inflation and price variability, and less uncertainty for investors, (ii) Guaranteed convertibility means that firms will never be prevented from importing capital goods by a lack of foreign exchange, (iii) Convertibility may encourage a greater degree of integration between French and CFA capital markets, so that domestic investment is not entirely dependant on domestic saving. A model of investment is constructed to incorporate these effects, and tested using time series and cross-sectional data. Support is found for (i) and (ii), but not for (iii). If African labour markets are characterised by nominal wage inertia, the enforced low inflation may lead to excessive real wages, and CFA membership may impair efficient allocation of labour. However, evidence suggests this characterisation is usually inappropriate. The pegged exchange rate may lead to persistent external imbalances: devaluation is not an option in response to a negative trade shock. This will not be a problem as long as an effective substitute for devaluation is found. A CGE model is constructed to examine the viability of various devaluation substitutes, none of which are found to be adequate.
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Sebuharara, Ruzima C. "Financial liberalization and transmission of monetary policy in developing countries the cases of Ghana and Kenya /." Diss., Online access via UMI:, 2005.

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Machasio, Immaculate Nafula [Verfasser]. "Essays on remittance inflows and monetary policy in developing countries / Immaculate Nafula Machasio." Gießen : Universitätsbibliothek, 2019. http://d-nb.info/1181688787/34.

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Machasio, Immaculate [Verfasser]. "Essays on remittance inflows and monetary policy in developing countries / Immaculate Nafula Machasio." Gießen : Universitätsbibliothek, 2019. http://d-nb.info/1181688787/34.

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Maziad, Samar. "Monetary frameworks in developing countries : central bank independence and exchange rate arrangements." Thesis, St Andrews, 2008. http://hdl.handle.net/10023/476.

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Books on the topic "Monetary policy – Developing countries"

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Sheila, Page, and Overseas Development Institute (London, England), eds. Monetary policy in developing countries. London: Routledge, 1993.

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Gerard, Caprio, Honohan Patrick, and World Bank. Country Economics Dept., eds. Monetary policy instruments for developing countries. Washington, D.C: World Bank, 1991.

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Caprio, Gerard. Monetary policy instruments for developing countries. Washington, DC (1818 H St., NW, Washington 20433): Country Economics Dept., World Bank, 1990.

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Ghatak, Subrata. Monetary economics in developing countries. 2nd ed. Basingstoke: Macmillan, 1995.

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Research and Information System for the Non-aligned and Other Developing Countries., ed. International monetary reforms, issues facing developing countries. New Delhi: Research and Information System for the Non-aligned and Other Developing Countries, 1987.

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Akhtar, Hossain Md. Open-economy macroeconomics for developing countries. Cheltenham, UK: Elgar Pub., 1998.

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Sikorski, Trevor M. Financial liberalization in developing countries. Cheltenham, UK: Edward Elgar, 2002.

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Fund, International Monetary. The transmission mechanism for monetary policy in developing countries. Washington, D.C: International Monetary Fund, 1990.

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Honohan, Patrick. Diagnosing banking system failures in developing countries. Dublin: Economic and Social Research Institute, 1998.

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1935-, Gupta Kanhaya L., ed. Experiences with financial liberalization. Boston, Mass: Kluwer Academic Publishers, 1997.

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Book chapters on the topic "Monetary policy – Developing countries"

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Ghatak, Subrata, and José R. Sánchez-Fung. "Exchange rate policy." In Monetary Economics in Developing Countries, 184–98. London: Macmillan Education UK, 2007. http://dx.doi.org/10.1007/978-1-137-02157-1_10.

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Chandavarkar, Anand. "Monetary Policy: Instruments and Issues." In Central Banking in Developing Countries, 29–57. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1057/9780230371507_3.

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Ghatak, Subrata, and José R. Sánchez-Fung. "Monetary policy transmission, rules and strategies." In Monetary Economics in Developing Countries, 126–52. London: Macmillan Education UK, 2007. http://dx.doi.org/10.1007/978-1-137-02157-1_8.

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Mishra, Prachi, Peter Montiel, and Rajeswari Sengupta. "Monetary Transmission in Developing Countries: Evidence from India." In Monetary Policy in India, 59–110. New Delhi: Springer India, 2016. http://dx.doi.org/10.1007/978-81-322-2840-0_3.

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Titumir, Rashed Al Mahmud. "Monetary policy, growth and employment." In Fiscal and Monetary Policies in Developing Countries, 205–40. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003201847-6.

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Titumir, Rashed Al Mahmud. "Price, Inflation and Monetary Policy." In Fiscal and Monetary Policies in Developing Countries, 241–68. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003201847-7.

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Fry, Maxwell J., David M. Lilien, and Wilima Wadhwa. "Monetary Policy in Pacific Basin Developing Countries." In Monetary Policy in Pacific Basin Countries, 153–70. Dordrecht: Springer Netherlands, 1988. http://dx.doi.org/10.1007/978-94-009-2685-1_7.

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Titumir, Rashed Al Mahmud. "Fiscal policy and productive capacity." In Fiscal and Monetary Policies in Developing Countries, 131–61. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003201847-4.

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Titumir, Rashed Al Mahmud. "Fiscal policy and the state–citizen relationship." In Fiscal and Monetary Policies in Developing Countries, 90–130. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003201847-3.

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Sell, Friedrich L. "Issues in Monetary and Exchange Rate Policy of Developing Countries." In Current Issues in Monetary Economics, 289–306. Heidelberg: Physica-Verlag HD, 1998. http://dx.doi.org/10.1007/978-3-642-99797-6_16.

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Conference papers on the topic "Monetary policy – Developing countries"

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Petighin, Serghei. "Investment policy transformation in developing countries: lessons from the COVID-19 pandemic and case studies from diverse regions." In The 8th International Conference "Management Strategies and Policies in the Contemporary Economy". Academy of Economic Studies of Moldova, 2023. http://dx.doi.org/10.53486/icspm2023.22.

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The COVID-19 pandemic has profoundly impacted the investment policies of developing countries, leading to innovative policy changes and new opportunities for sustainable investment. This conference paper explores the impact of the pandemic on investment policies, the role of international organizations in shaping policy changes, the opportunities for sustainable investment, and the role of technology in the transformation of investment policies. The paper provides case studies from diverse regions, including Latin America, Africa, Asia, the Middle East, and Europe, to highlight how policy changes have been made in practice and their impact on the economy. The case studies demonstrate a range of policy measures implemented in response to the pandemic, including fiscal and monetary support, investment in technology, infrastructure, and social programs, tax relief, and financial support for small and medium-sized enterprises. The paper concludes that innovative investment policies have helped mitigate the economic impact of the pandemic in developing countries and present an opportunity for these countries to continue to attract sustainable investment and promote inclusive growth and economic resilience.
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Đogo, Marko. "DERIVING THE IMPOSSIBLE TRINITY OF DEVELOPING COUNTRIES AND ITS CONNECTION WITH THE OTHER TWO IMPOSSIBLE TRINITIES." In Economic and Business Trends Shaping the Future. Ss Cyril and Methodius University, Faculty of Economics-Skopje, 2022. http://dx.doi.org/10.47063/ebtsf.2022.0022.

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The experience of Eastern European countries indicates that a country cannot simultaneously give up autonomy of monetary and fiscal policy and control of labour mobility without all three causing a reduction in potential GDP at the same time. Namely, if a country opts to peg its currency to the currency of a larger (more developed) country and pursues a restrictive fiscal policy, it will probably 2 lead the workforce to emigrate. This universal rule applies to both developing and developed countries. Nevertheless, the specificity of the developing countries' position is that once the labour force leaves the country, it will almost certainly never return. Therefore, labour mobility should be regarded as entirely different when it takes place between countries at distinct levels of development and when it serves as a mechanism for achieving an external balance between countries at similar income levels. As far as we understand, the just described experience of Eastern European developing countries has not yet been formalized anywhere as economic legality, i.e. trilemma. Thus, this paper can be an introduction to the theory of the impossible trinity of developing countries, explaining the basic concepts, connections between them and open questions.
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Öztürk, Serdar, Ali Sözdemir, and Özlem Ülger. "Inflation Targeting Approach: An Evaluation of the Application Process in Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2013. http://dx.doi.org/10.36880/c04.00619.

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As a result of many countries don’t provide the achievement as regards the satisfaction of the price stability between 1970 and 1990, the other targets and the stability programs aimed at these targets were put away and price stability as a point target was put forward in this process. In this context, inflation targeting approach has been formed as providing price stability and the fight against the inflation after 1990s. The first application of inflation targeting approach by the New Zealand in 1990 affected The Central Bank of Republic of Turkey (CBRT), because of positive impacts on many countries such as developing and developed countries. The results of Inflation targeting approach that has been applied by many countries following New Zealand's experience are positive. Thus, CBRT explained to take place inflation targeting of the point target in monetary policy at the beginning of 2002. Because Turkey don’t provide with the application set of the preconditions for this approach, CBRT decided to remove the elements that is restricting monetary policy and carried into practice "the implicit inflation targeting" until meeting this conditions. In the process of implicit inflation targeting approach, after the conditions related technical infrastructure was improved a new opinion, The CBRT announced to practice "the explicit inflation targeting" approach by the beginning of 2006.
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Acaroğlu, Doğaç, and Kenan Terzioğlu. "Inflation and Marginal Costs in Open Economies: The New Keynesian Hybrid Phillips Curve." In International Conference on Eurasian Economies. Eurasian Economists Association, 2021. http://dx.doi.org/10.36880/c13.02566.

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The inclusion of the inflation rate in wage determination affects the behavior of economic actors and also positions the expected inflation as one of the main factors in determining inflation. Changes in currency parities in developing countries, which make their production dependent on imports, affect costs and prices. Moreover, changes in labor market structures resulting from free capital flows affect employment and the inflation phenomenon. This paper analyzes the current inflation, expected inflation, and output gap relations with the fuzzy linear regression method in the context of the Turkish economy, which has inflation and effective external dependency. Based on the results obtained using marginal cost instead of the output gap, policy recommendations are provided. The scope of this paper comprises the New Keynesian Hybrid Phillips curve that includes external factors. The relationship between inflation and relevant variables is statistically significant and positive, proving the fuzzy linear regression results as promising. To obtain economic stability and policy precautions, we must examine whether the use of tight monetary policies for coping with inflation leads to unemployment and whether expansionist monetary policies lead to inflation.
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Bedir, Serap, and Arzu Tural Dikmen. "Fiscal Deficit and Inflation: New Evidences from Turkey Using a Bounds Testing Approach." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.00915.

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A well-established theory in macroeconomics is that governments running persistent deficits have sooner or later to finance those deficits with money creation, thus producing inflation. The fiscal view of inflation has been especially prominent in the developing country literature, which has long recognized that less efficient tax collection, political instability, and more limited access to external borrowing tend to lower the relative cost of seigniorage and increase dependence on the inflation tax. For this reason, the main factors which affecting inflation rate in developing countries are extremely important for policy makers as when the causes of inflation are correctly specified the appropriate policy change can be easily diagnosed and effectively implemented. The purpose of this study is to test the empirical relationship between inflation and the budget deficit for the Turkish economy by an autoregressive distributed lag model (ARDL) analysis for the period 1970–2010. The data is taken from Republic of Turkey Ministry of Development and World Bank’s Database. The empirical findings indicates that fiscal deficit is one of the important variables of the price level along with other variables like interest rates, exchange rate, per capita income, trade of GDP. The short-run analysis captured from error correction model (ECM). The results of the bounds test suggest that there is a long run relationship between fiscal deficit and inflation. These findings drive important inferences for implications of monetary and fiscal policies.
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Trpeski, Ljube, Bogoljub Jankoski, and Vesna Kondratenko. "Central Banks on the Cross Roads - The Case of Macedonia." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01122.

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We focus on the use of unconventional measures implemented during the financial crisis and their impact on operational efficiency and independence of the central banks, including the National bank of Republic of Macedonia (NBRM). Measuring the impact of the new policies on the independence and operational efficiency of the central banks, we try to assess their capacity to maintain the price stability as primary monetary policy objective. In the paper the following methods are used: quantitative method, comparative method, particularly in comparison of the level of operational efficiency and the independence of central banks, as well as econometric method applied in operational efficiency analysis of the selected group of countries (developed, developing countries and countries in transition). As the other central banks, NBRM face the challenge to preserve its role in maintaining price and financial stability and economic strength of the country, without jeopardizing its independence. During the crisis, in coordination with other economic policies, NBRM succeeded to maintain macroeconomic stability and contributed to the mitigation of internal and external economic shocks. Also, NBRM managed to keep very high level of its legal and factual independence, measured by the standard indicators. However, the achievement of these multiple goals, resulted in decrease in the level of its operational efficiency, as it was case with the other central banks analyzed in this paper. Main message is that central banks have to undertake coordinated measures to fulfill their goals but also to take some measures to improve optimal level of efficiency.
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El-Moghazi, Mohamed Ali, Fadel Digham, and Elsayed Azzouz. "Radio Spectrum Policy Reform in Developing Countries." In 2008 IEEE Symposium on New Frontiers in Dynamic Spectrum Access Networks (DySPAN). IEEE, 2008. http://dx.doi.org/10.1109/dyspan.2008.69.

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Nurhakim, Adi Lukman, Giry Nugraha, Nurfaza Sagara, Mochammad Arvin Yudha Fitri, Muhammad Rifky Naufal, and Henny Henny. "Waste management policy electronic in developing countries." In PROCEEDINGS OF THE 37TH INTERNATIONAL CONFERENCE OF THE POLYMER PROCESSING SOCIETY (PPS-37). AIP Publishing, 2023. http://dx.doi.org/10.1063/5.0175818.

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Beleniuc, Nicoleta. "Use of monetary policy instruments in the Republic of Moldova." In Simpozion stiintific al tinerilor cercetatori, editia 20. Academy of Economic Studies of Moldova, 2023. http://dx.doi.org/10.53486/9789975359030.18.

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Monetary policy is the set of measures or interventions of the Central Bank or monetary authorities on the liquidity of the national economy through techniques and tools for the pursuit of economic policy. Monetary policy has three components: monetary, creditary and foreign exchange. Monetary, foreign exchange and creditary policy shall be drawn up by the National Bank in agreement with the Government. The monetary system of the Republic of Moldova is constantly evolving, in the sense of elaborating and putting into practice the existing monetary instruments in all developed countries
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Balaji, Ch, M. J. L. Hari Chandana, and Md Asadullah Khan. "Impact of monetary policy on GDP of India and selected Asian countries." In CONTEMPORARY INNOVATIONS IN ENGINEERING AND MANAGEMENT. AIP Publishing, 2023. http://dx.doi.org/10.1063/5.0158534.

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Reports on the topic "Monetary policy – Developing countries"

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Ferguson, Niall, and Moritz Schularick. The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries. Cambridge, MA: National Bureau of Economic Research, April 2008. http://dx.doi.org/10.3386/w13918.

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Dime, Roselle, Juzhong Zhuang, and Edimon Ginting. Estimating Fiscal Multipliers in Selected Asian Economies. Asian Development Bank, August 2021. http://dx.doi.org/10.22617/wps210309-2.

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The surge of the coronavirus disease (COVID-19) pandemic has driven countries worldwide to launch substantial stimulus packages to support economic recovery. This paper estimates effects of fiscal measures on output using data from 2000 to 2019 for a panel of nine developing Asian economies and a vector autoregression model. Results show that (i) the 4-quarter and 8-quarter cumulative fiscal multipliers for general government spending range between 0.73 and 0.88 in baselines, in line with recent estimates for developed countries but larger than those for developing countries; (ii) government spending is more effective than tax cuts in boosting the economy; and (iii) an accommodative monetary policy regime can make fiscal measures more effective.
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Huang, Haizhou, and Shang-Jin Wei. Monetary Policies for Developing Countries: The Role of Corruption. Cambridge, MA: National Bureau of Economic Research, November 2003. http://dx.doi.org/10.3386/w10093.

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Rodrik, Dani. Policy Uncertainty and Private Investment in Developing Countries. Cambridge, MA: National Bureau of Economic Research, June 1989. http://dx.doi.org/10.3386/w2999.

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Fernández, Jorge, and Sebastián J. Miller. When Should Developing Countries Announce Their Climate Policy? Inter-American Development Bank, December 2011. http://dx.doi.org/10.18235/0011376.

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This paper provides a rationale for developing countries to announce future credible commitments to reduce GHG emissions even if these are not to materialize in the short run, and for domestic reasons only. A simple framework is presented in which it is shown that it may be costly for an economy to transition from high to low emissions; and that, if climate policy eventually will be enacted, then it may be better for countries to commit earlier and therefore eliminate the uncertainty for the private sector to invest appropriately in clean technologies. In particular, conditions are shown under which the private investor prefers a pre-announced climate policy, and how this policy affects investment decisions and the deployment of clean technologies.
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Carare, Alina, Carlos de Resende, Andrew Levin, and Chelsea Zhang. Do Monetary Policy Frameworks Matter in Low Income Countries? Cambridge, MA: National Bureau of Economic Research, March 2021. http://dx.doi.org/10.3386/w28536.

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Edwards, Sebastian. The International Monetary Fund and the Developing Countries: A Critical Evaluation. Cambridge, MA: National Bureau of Economic Research, March 1989. http://dx.doi.org/10.3386/w2909.

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Ilzetzki, Ethan, and Carlos Vegh. Procyclical Fiscal Policy in Developing Countries: Truth or Fiction? Cambridge, MA: National Bureau of Economic Research, July 2008. http://dx.doi.org/10.3386/w14191.

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Harrison, Ann, and Andrés Rodríguez-Clare. Trade, Foreign Investment, and Industrial Policy for Developing Countries. Cambridge, MA: National Bureau of Economic Research, August 2009. http://dx.doi.org/10.3386/w15261.

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Research Institute (IFPRI), International Food Policy. Contract farming in developing countries: Theory, practice, and policy implications. Washington, DC: International Food Policy Research Institute, 2016. http://dx.doi.org/10.2499/9780896292130_04.

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