This dissertation consists of two essays investigating the sources of macroeconomic fluctuations on the Kuwaiti economy and the sources of real exchange rate fluctuations of the Kuwaiti dinar, preceded by a chapter about the historical and economic background of Kuwait. The diss…
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This dissertation examine the sources of real exchange rate movements, sources of macroeconomics fluctuations and the role of Saudi Arabia in world oil price and inflation. The objective of chapter two is to investigate the sources of real exchange rate movements in Saudi Arabia…
The main purpose of this research is to analyze the behavior of the Real Exchange Rate (RER) in 11 Arab countries over the period 1971–2001. A model based on the work of Edwards (1989) for RER fundamentals was investigated to determine the equilibrium level of the real exchange …
This study evaluates alternatives of exchange rate regimes or arrangements to predict the most appropriate arrangement that is economically and politically feasible for the Gulf Cooperation Council (G. C. C.) States to adopt for the purpose of coordinating their exchange rate po…
This study investigates the determinants of demand for money in Bangladesh using annual observations for the period 1974-95. Partial adjustment approach and error correction approach are applied to investigate the nature of short run and long run determinants and short run dynam…
This paper examines the causes and effects of the 1997 East Asian financial crisis and analyzes the potential effectiveness of monetary policy in stabilizing exchange rates after a crisis occurs. A debate has erupted as to the appropriateness of tight versus easy monetary policy…
The relationship between central banks' information transparency and the onset of economic crises has been a long discussed topic in economics. It attracts more attentions in the event of the Southeast Asian crises. Stiglitz (1998a, b and 1999) suggests that to investigate the t…
In this dissertation, I analyze the impact of employment with respect to real exchange rates in developing countries. Previous studies focus on only developed countries such as OECD countries. But country characteristics and industry characteristics in developing countries are v…
This paper provides the empirical study of whether there was a misalignment of the real exchange rate (RER) in the Bangladesh economy during 1976-1991. The time series of multilateral and bilateral RER indexes were computed for the period 1976-1991. The computed series of RER we…
This thesis challenges the orthodox view which states that remittances are a key factor for alleviating poverty, creating new investment in lagging regions, reducing income inequality, and stimulating economic development. There are theoretical and empirical reasons to doubt the…
High interest rates are a potentially powerful tool for the defense of a fixed exchange rate regime facing speculative pressure. Their effectiveness at doing so, however, is put in question by both the stylized facts and the small empirical literature on monetary policy during c…
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…
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…
The purpose of my dissertation is to evaluate the Exchange-rate-based stabilization policy in Lebanon and to explain the circumstances that lead to its success. The dissertation accounts for the main stylized facts associated with Exchange-rate-based stabilization programs, and …
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…
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…
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…
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…