Interest Rates in Mexico: The Role of Exchange Rate Expectations and International Creditworthiness

1991 ◽  
Vol 91 (12) ◽  
pp. 1 ◽  
Author(s):  
Hoe Ee Khor ◽  
Liliana Rojas-Suárez ◽  
◽  
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Exchange Rate Expectations

Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations

1999 ◽  
Vol 99 (81) ◽  
pp. 1
Author(s):  
Klaas Knot ◽  
Jan Marc Berk ◽  
◽  
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Exchange Rate Expectations

Interest Rates in Mexico: The Role of Exchange Rate Expectations and International Creditworthiness

1991 ◽  
Vol 38 (4) ◽  
pp. 850 ◽  
Author(s):  
Hoe E. Khor ◽  
Liliana Rojas-Suarez
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Exchange Rate Expectations

scholarly journals The impact of foreign interest rates on the economy: The role of the exchange rate regime

2008 ◽  
Vol 74 (2) ◽  
pp. 341-361 ◽  
Author(s):  
Julian di Giovanni ◽  
Jay C. Shambaugh
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Exchange Rate Regime ◽  
The Exchange Rate ◽  
The Impact

Sukuk and monetary policy transmission in Indonesia: the role of asset price and exchange rate channels

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Suriani Suriani ◽  
M. Shabri Abd. Majid ◽  
Raja Masbar ◽  
Nazaruddin A. Wahid ◽  
Abdul Ghafar Ismail
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Asset Price ◽  
Transmission Mechanism ◽  
Monetary Policy Transmission ◽  
Content Type ◽  
Policy Transmission ◽  
Monetary Policy Transmission Mechanism

Purpose The purpose of this study is to empirically analyze the role of sukuk in the monetary policy transmission mechanism through the asset price and exchange rate channels in the Indonesian economy. Design/methodology/approach Using the monthly data from January 2003 to November 2017, this study uses a multivariate vector error correction model causality framework. To examine the role of sukuk in the monetary policy transmission mechanism through the asset price channel, this study uses the variables of consumption, inflation, interest rates, economic growth and the composite stock price index. Meanwhile, to examine the role of sukuk in the monetary policy transmission mechanism through the exchange rate channel, this study used variables of inflation, interest rates, economic growth, foreign investment and exchange rate. Findings This study documented that sukuk has no causal relationship with inflation through asset price and exchange rate channels. Nevertheless, sukuk has a bidirectional causal relationship with economic growth through asset price and exchange rate channels. Sukuk is also documented to have a causal relationship with monetary policy variables of interest rate and stock prices through asset price and exchange rate channels. Finally, a unidirectional causality is recorded running from the exchange rate to sukuk in the exchange rate channel. Research limitations/implications The finding of independence of the sukuk market from interest rates provides evidence that the trading of the sukuk in Indonesia has been in harmony with the Islamic tenets. Practical implications The relevant Indonesian authorities need to enhance both domestic and global sukuk markets as part of efforts to promote the sustainability of Islamic capital market development in Indonesia. Originality/value To the best of the authors’ knowledge, this study is among the first attempts to empirically investigate the role of sukuk in monetary policy transmission through asset price and exchange rate channels in the context of the Indonesian economy.

Exchange rate expectations: The role of person specific forward looking variables

2009 ◽  
Vol 105 (3) ◽  
pp. 221-223 ◽  
Author(s):  
Isabell Koske ◽  
Georg Stadtmann
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Expectations ◽  
Forward Looking
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