Exchange Market Pressure and Monetary Policy

Sayera Younus ()

Working Papers from eSocialSciences

Abstract: The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the domestic component of monetary base, which is considered as the variable directly controlled by policy makers is used as measure of monetary policy.

Keywords: pressure; bangladesh; bank; monetary policy; exchange; foreign exchange; currency; market pressure; empirically; Variance; Domestic Credit Growth; exchange rate (search for similar items in EconPapers)
Date: 2010-01
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac and nep-mon
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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