Effects of Presence of Monetary Policy Makers in Mass Media on Money Demand, Exchange rate and Gold Price in Iran (in Persian)

Alireza Erfani () and Farshad Parvizian ()
Additional contact information
Alireza Erfani: semnan university
Farshad Parvizian: University of Applied Science

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2020, vol. 13, issue 44, 341-366

Abstract: Investigating the effect of the presence of the Governor of the Central Bank of Iran (CBI) on the media environment on the money and asset markets, in addition to raising our understanding of how the individuals’ expected patterns from the future of prices, leads to a more realistic understanding of the transmission of shocks and the volatilities spillover. According to the results of this study, the presence of monetary authority in the media leads to an increase in the U.S. dollar against Iranchr('39')s currency and growth of the price of gold coins. Although the presence of monetary authority on the media doesn’t have a significant effect on the growth of money demand, but the effect of conditional correlation coefficient of the growth constant of the monetary authority presence on the media and the growth rates of demand for money, coins and dollars are significant.

JEL-codes: C32 E39 E52 E59 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jmbr.mbri.ac.ir/article-1-1435-en.pdf (application/pdf)
http://jmbr.mbri.ac.ir/article-1-1435-en.html (text/html)
http://jmbr.mbri.ac.ir/article-1-1435-fa.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:13:y:2020:i:44:p:341-366

Access Statistics for this article

More articles in Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی) from Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran Contact information at EDIRC.
Bibliographic data for series maintained by M. E. ().