Monetary policy of a small open economy in the world production chain

2012 ◽  
Vol 29 (6) ◽  
pp. 2751-2755
Author(s):  
Hsiao-Lei Chu
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Small Open Economy ◽  
World Production ◽  
Production Chain ◽  
The World

scholarly journals PERANAN KEBIJAKAN MONETER DALAM MENJAGA STABILITAS PEREKONOMIAN INDONESIA SEBAGAI RESPON TERHADAP FLUKTUASI PEREKONOMIAN DUNIA

2007 ◽  
Vol 9 (2) ◽  
pp. 145-177
Author(s):  
M. Maulana Al Arif ◽  
Achmad Tohari
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Open Economy ◽  
Small Open Economy ◽  
Monthly Data ◽  
Vector Autoregressive ◽  
The World ◽  
The Exchange Rate ◽  
The Impact

This paper analyzes the impact of the inflation and the world interest rate on the Indonesian economy and the effectiveness of the Indonesian central bank policy to adopt the domestic macroeconomic fluctuation.Assuming Indonesia as a small-open economy, the Stuctural Vector Autoregressive Model is utilized on the monthly data during the periode of 1999: 1 – 2004: 12 covering the main domestic macroeconomic indicator (output, price, money supply, interest rate and the exchange rate) and the world oil price and world interest rate as the disturbance source.The analysis provides 2 main results, first, the international variables do have impacts on the domestic variables fluctuation, implying the fragility of the domestic economy due to the external shock, second, the monetary policy is effective on supporting the economic growth and stabilizing the price level. However, the Bank Indonesia policy to stabilize the international shock via the exchange rate channel, contributes to a higher impact of the international shock on domestic interest rate.Keywords: monetary policy, business cycle, SVARJEL Classification: E52, E32, C32, F41

Influence of Renminbi Internationalization on China’s Monetary Policy Effects: A Theoretical Analysis

2021 ◽  
Vol 13 (8) ◽  
pp. 14
Author(s):  
Huiguan Ding ◽  
Asli Ogunc ◽  
Dale Funderburk ◽  
Shiyou Li ◽  
Zhebie Shi
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Analytical Framework ◽  
Securities Markets ◽  
Republic Of China ◽  
Policy Effects ◽  
The People ◽  
The World ◽  
The Impact ◽  
Rmb Internationalization

For more than a decade, the People’s Republic of China has sought to expand the degree of internationalization of its official currency. In recent decades, China has become the world’s second largest economy, as well as the world’s largest trading nation, and its securities markets are among the largest in the world. Today, the RMB is among the top five as a world payments currency. One of the significant costs of achieving higher degrees of internationalization of a country’s currency is the complicating impact it has on the efficacy and effect of that country’s domestic monetary policy.  However, what is the nature and extent of that complicating impact? This paper employs an IS-LM model of an open economy as an analytical framework, embeds an RMB internationalization factor into that model. Specifically, with this model we examine the impact of RMB internationalization on the effects of China’s monetary policy. 

scholarly journals Optimal Monetary Policy and Exchange Rate in a Small Open Economy with Unemployment

2014 ◽  
Vol 18 (3) ◽  
pp. 301-335 ◽  
Author(s):  
Hyuk-Jae Rhee ◽  
Jeongseok Song
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Open Economy ◽  
Small Open Economy ◽  
Optimal Monetary Policy

scholarly journals Monetary Policy in a Small Open Economy With a Preference for Robustness

2006 ◽  
Author(s):  
Richard Dennis ◽  
Kai Leitemo ◽  
Ulf Söderström
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Small Open Economy

ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY

2008 ◽  
Vol 59 (4) ◽  
pp. 666-686 ◽  
Author(s):  
Christopher Malikane ◽  
Willi Semmler
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Asset Prices ◽  
Small Open Economy

Monetary Policy Under Imperfect Capital Markets in a Small Open Economy

2003 ◽  
Vol 93 (2) ◽  
pp. 266-270 ◽  
Author(s):  
Anita Tuladhar
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Capital Markets ◽  
Small Open Economy ◽  
Imperfect Capital Markets

More on monetary policy in a small open economy A credit view

1999 ◽  
Vol 8 (2) ◽  
pp. 223-235 ◽  
Author(s):  
Ying Wu
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Small Open Economy ◽  
Credit View

Monetary policy announcements and stock price dynamics in a small open economy

2011 ◽  
Vol 20 (4) ◽  
pp. 520-531 ◽  
Author(s):  
Chi-Chur Chao ◽  
Shih-Wen Hu ◽  
Meng-Yi Tai ◽  
Vey Wang
Keyword(s):  
Monetary Policy ◽  
Open Economy ◽  
Stock Price ◽  
Small Open Economy ◽  
Price Dynamics
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