سامانه پشتیبانی خدمات اطلاعات

  اخبار و اعلانات

 آمار

تعداد نشریات161
تعداد شماره‌ها6,573
تعداد مقالات71,036
تعداد مشاهده مقاله125,505,118
تعداد دریافت فایل اصل مقاله98,769,230
Sadeghi, Seyed Kamal, Feshari, Majid, Barzegar Marvasti, Maryam, Ghanbari, Zhila. (1394). Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries. , 19(2), 139-147. doi: 10.22059/ier.2015.56075
Seyed Kamal Sadeghi; Majid Feshari; Maryam Barzegar Marvasti; Zhila Ghanbari. "Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries". , 19, 2, 1394, 139-147. doi: 10.22059/ier.2015.56075
Sadeghi, Seyed Kamal, Feshari, Majid, Barzegar Marvasti, Maryam, Ghanbari, Zhila. (1394). 'Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries', , 19(2), pp. 139-147. doi: 10.22059/ier.2015.56075
Sadeghi, Seyed Kamal, Feshari, Majid, Barzegar Marvasti, Maryam, Ghanbari, Zhila. Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries. , 1394; 19(2): 139-147. doi: 10.22059/ier.2015.56075

Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries

Iranian Economic Review
مقاله 2، دوره 19، شماره 2، تیر 2015، صفحه 139-147    اصل مقاله (504.81 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22059/ier.2015.56075
نویسندگان
Seyed Kamal Sadeghi1؛ Majid Feshari2؛ Maryam Barzegar Marvasti* 3؛ Zhila Ghanbari4
1Associate Professor, University of Tabriz, Iran
2Assistant Professor, Kharazmi University, Iran
3Ph.D. Candidate, University of Tabriz, Iran
4MSc. Student, University of Tabriz, Iran
چکیده
T
he investigation of exchange rate pass-through is an important issue in international finance. The relationship between exchange rate pass-through and exchange rate arrangements such as the dollarization regime has been examined in recent decades. For this purpose, the main objective of this study is to investigate the effect of exchange rate pass-through on the domestic inflation in selected Middle Eastern and North Africancountries with emphasis on the dollarization regime over the period from 1994 to 2012. The empirical model has been estimated by GMM approach for these countries. The main findings of this paper reveal that exchange rate appreciation (currency depreciation) has a positive and significant influence on the domestic inflation, and this effect is greater than in highly dollarized economies.
کلیدواژه‌ها
Dollarization؛ exchange rate pass-through؛ Generalized Method of Moments؛ Inflation
مراجع
  1. Aghion, P., Bacchetta, P. and Banerjee, A. )2001(. ‘Currency crises and monetary policy in an economy with credit constraints’. European Economic Review, 45, 1121–1150.
  2. Aguiar, M.A. )2005(. ‘Investment, devaluation, and foreign currency exposure: the case of Mexico’. Journal of Development Economics, 78, 95–113.
  3. Arellano Manuel, Olympia Bover (1995). ‘Another look at the instrumental variable estimation of error-components models’. Journal of Econometrics, 1995, vol. 68, issue 1, pages 29-51.
  4. Arellano Manuel, Stephen Bond, (1991). ‘Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations’. The Review of Economic Studies, Vol. 58, No. 2 , pp. 277-297.
  5. Calvo, G.A. and Reinhart, C. )2002(. ‘Fear of floating’. Quarterly Journal of Economics, 117: 379–408.
  6. Carranza, L., Cayo, J.M. and Galdon-Sanchez, J.E. )2003(. ‘Exchange rate volatility and economic performance in Peru: a firm level analysis’. Emerging Markets Review, 4: 472–496.
  7. Carranza, L., Galdon-Sanchez, J.E. and Gomez Biscarri, J. )2009(. ‘Exchange rate and inflation dynamics in dollarized economies’. Journal of Development Economics, 89: 98–108.
  8. Cespedes, L., Chang, R. and Velasco, A. )2003(. ‘IS-LM-BP in the Pampas’. IMF Staff Papers, Special Issue 50 (0): 143–156.
  9. Choi, W.G. and Cook, D. )2004(. ‘Liability dollarization and the bank balance sheet channel’. Journal of International Economics, 64, 247–275.
  10. Choudri, E. and Hakura, D. (2001). ‘Exchange Rate Pass-Through to Domestic Prices: Does the Inflationary Environment Matter?’. Journal of International Money and Finance, 25:614-639.
  11. Fetai, B. (2010). Exchange Rate Pass-Through in Transition Economies: The Case of the Republic of Macedonia, William Davidson Institute Working Paper, No.1014: 1-37.
  12. Harvey, C. and Roper, A. (1999). The Asian bet. In: Harwood, A., Litan, R.E., Pomerleano, M.(Eds.), The Crisis in Emerging Financial Markets. Brookings Institution Press, Washington, DC, pp. 29–115.
  13. Kiyotaki, N. and Moore, J.H. (1997). ‘Credit cycles’. Journal of Political Economy, 105, 211–248.
  14. Krugman, P. (1999). Balance-sheet, the transfer problem, and financial crisis. In: Isard, P., Razin, A., Rose, A.K. (Eds.), International Finance and Financial Crises: Essays in Honour of Robert P. Flood, Jr. Kluwer Academic publishers, Norwell, Massachusetts, pp. 31–44.
  15. Magud, N. (2007). ‘Currency Mismatch, Openness and Exchange Rate Regime Choice’. University of Oregon Economics Department Working Papers, 2004-14.
  16. Reinhart, C., Kenneth, M., Rogoff, S., Savastano, Miguel, A. (2003). ‘Addicted to Dollars, NBER 1050’. Working Paper, October.

5.      Batini, N., Levine, P. and Pearlman, J. )2007(. Optimal Exchange Rate Stabilization in a Dollarized Economy with Inflation Targets. Mimeo, London Metropolitan University.

6.      Blundell Richard, Stephen Bond, (1998). ‘Initial conditions and moment restrictions in dynamic panel data models’. Journal of Econometrics, 87, 115-143.

آمار
تعداد مشاهده مقاله: 1,792
تعداد دریافت فایل اصل مقاله: 1,794





سامانه مدیریت نشریات علمی. قدرت گرفته از سیناوب