[PDF] Top 20 Prices, money and the exchange rate in Angola

... ended in April 2002) and also from the instability that took over the Angolan economy after the oil prices started falling in the second semester of ...analyses ... See full document

... Second, the fact that these markets account for only a marginal proportion of capital flows also contributes to their greater ...because the degree of instability of investments is generally higher for ... See full document

... all the independent variables are statistically significant, except ...𝑑𝑑_𝑡𝑑. The degree of competition in the banking system tends to decrease the money multiplier as banks ... See full document

... floating exchange rate regime after an intensive financial ...1994-1998 the economy inherited balance of payments imbalance and a high public debt as a result of high interest rate ... See full document

... that the ability of monetary policy to control inflation may be hindered in some ...Sargent and Wallace (1981) argue in their seminal article that raising interest rates may lead to increased ... See full document

... on the assumption that market actors behave ...act in order to continuously maximize their utility. It is said that the forecasts made by these agents are rational, if they take into account all ... See full document

... of the biggest inspirations regarding this work is the study by Lor´ıa et ...(2010) in which the nominal exchange rate between the Mexican peso and the US ... See full document

... by the two-state model that sometimes there exists distinction on variance among ...higher in depreciation vis-à-vis appreciation regimes (or vice-versa) some di¤erences regarding these states con…guration ... See full document

... In the case of a regime of fixed exchange rates, currency appreciation or devaluation are used to optimize the external trade ...arguable in some poor developed countries. These ... See full document

... However, the opposite result can be obtained as well, everything depending crucially on the private agent’s demand for government ...if the government cannot credibly guarantee higher surpluses ... See full document

... policy, and targeting the exchange rate as part of it, are mentioned as some of the factors that cause decreasing the economic activity in the transition ... See full document

... during the second semester of 1985, reaching approximately 15% a month, partially as a result of a dry that hit the ...Since the orthodox gradualist approach was rejected, and there would be ... See full document

... correlation and variance inflation tests were conducted to check for the presence of correlation between these two time ...series. The results indicate strong correlation, which means that they are ... See full document

... crisis in one country can spread to others via trade ...competitiveness and output) for other countries, who have strong trade links with the first country to maintain their parities (Glick ... See full document

... On the other hand, the interpretation of the ascending part stems from the fact that developing countries have their export mainly based on agricultural and mineral commodities, ... See full document

... The global adherence of the model is quite good again, and all the statistically significant coefficents (those of Portuguese prices, British prices, Portuguese mo[r] ... See full document

... shows the last fifteen years of exchange rate regimes in Angola that started de facto an successful exchange rate management in early ...shows the components ... See full document

... Um resultado potencial que pode ser extraído da estrutura proposta é que com a maior chance de as metas serem alcançadas há um ganho de credibilidade que permitiria reduções na taxa de juros (aumentaria a chance das ... See full document

... above, the slighter negative effect in Trend ...for the global economic growth. Excluding the inflation effect, it seems that consumers are supposed to have larger tourism consumption than ... See full document

... 13 The reaction of indebted governments and of many critics of the solution being adopted argues for less austerity, but fiscal looseness would only delay solving the crisis, and is not ... See full document