This dissertation explores the reasons behind dollarization hysteresis and analyzes the extent and dynamics of dollarization in different economies. It finds role for policies to reduce dollarization to achieve a more stable economy. The first chapter uses a network externality …
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This dissertation is comprised of three chapters. Chapter One traces and presents analytical accounts and explanations of the causes of Thailand's economic crisis, which began mid 1997. The study focuses on macroeconomic management and the factors that underlie the country's unp…
This study seeks to assess the relationship between United States-led sanctions and the foreign exchange rate (vis-à-vis the U.S. dollar) of targeted nations. Recent research has examined various impacts that sanctions have on a target nation, suggesting that sanctions often fun…
Variations in macroeconomic indicators affect the performance of the stock markets. In Ghana, although the performance of the Ghana Stock Exchange (GSE) has been affected by macroeconomic variables from January 2000 to December 2013, the mechanisms of these relationships have no…
The theory of purchasing power parity (PPP) is one of the most controversial and hotly contested theory. While, several studies have found evidence supportive of PPP, equally or larger number of studies have failed to find any evidence supportive of PPP. Recent findings indicate…
Many developing countries are considering following the practice of some industrial countries to adopt policies of inflation targeting. For many developing countries, open economy aspects of inflation targeting are especially important. Changes in the exchange rate can have subs…
In March 1990, the Government of Egypt (GOE) launched a comprehensive economic and social reform program (ERSAP) to strengthen Egypt's ongoing adjustment program. The reform program constituted a major break from the policies pursued in the past, and had the underlying objective…
Economies of the world are linked more today than perhaps any other time in history. Advancements in technology, increases in capital mobility and the shift of many nations to market oriented economies have been the primary causes. Recent crises in developing regions have remind…
Overvaluation of exchange rate is often mentioned in the literature as a cause of explaining the declining revenue from agricultural exports in Sub-Saharan countries of Africa. This research analyzes how rural producers, the main interest group in Niger responded to change in ex…
Chapter 1: Financial Liberalization, Exchange Rate Policy and Interdependence. There is by now a great deal of evidence pointing to large scale financial account liberalization and therefore increasing capital mobility around the Pacific Basin. Freer financial systems in the eme…
This dissertation consists of four chapters. Chapter one contains an introduction and the review of literature. Chapter two examines the existence of currency substitution for Indonesia, Japan, Korea, Malaysia, Singapore, and Thailand during the time period from 1977 to 1996. To…
This study is focus on the relationship between the exchange rate and export performance and Indonesian export data were used in this study. Although a lot of studies have been done in this topic, only a few studies have been done for developing countries. Studies in exchange ra…
This dissertation presents evidence on how the US monetary policy shocks have real effects not only domestically, but also abroad. The empirical tests focus on the effects of the US monetary policy innovations on domestic market concentration in manufacturing industries and on e…
Scope and method of study. The general objective of this analysis is to determine the influence of exchange rate policy on Indonesia agricultural export movement for individual products (cocoa, coffee, palm oil, rubber and tea) as well as aggregate agricultural products. The spe…
My thesis research examines theoretical issues related to an optimal monetary policy for a small open economy. It is composed by three chapters, which make use of a New-Keynesian model for a small open economy featuring nominal rigidities, monopolistic competition, and complete …
Although the two essays included here focus on the economy of Lebanon, a country unique in the Middle East due to both its political and economic characteristics, the study is instructive even in the context of other developing economies. The first essay attempts to explain grow…
The influence of budget deficits and international capital inflows on monetary policy in developing countries has been a major topic of interest. This dissertation addresses important aspects of this question for Indonesia. First, offset and sterilization coefficients are estima…
In this thesis, the trade balance-exchange rate relationship is examined, using the multivariate cointegration and error-correction methodology for the industrial countries during the floating exchange rate period. With regard to theory, an improved version of the Imperfect Subs…
In this study we examine the behavior of real exchange rates for Pakistan from 1960-1990. We calculate the real exchange rate for Pakistan and examine how its determinants influence its behavior, we also determine a basis for estimating long run equilibrium real exchange rates. …