Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 15 of 15 for “"Foreign Reserves"”.
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The relationship between foreign exchange reserves, Pula exchange rate and inflation in Botswana
This study examines the relationship between foreign exchange reserve, Pula exchange rate and inflation in Botswana over the period 1995-2020. The period covered contains recent data on level of foreign exchange reserves through global events like Covid-19 pandemic in which significant drawdowns in …
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Regulating a pseudonym: Namibia's regulatory response to cross-border Cryptocurrency transactions
… controls. These controls preserve Namibia's foreign reserves which can theoretically be under threat by pseudonymous cross-border cryptocurrency transactions. Consequently, the imminent threat which these transactions pose, in their current form void of regulation, can arguably be quantified …
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Essays on Macroeconomic Uncertainty and Capital Flows
… macroeconomic variables of implementing a foreign reserves accumulation policy with full sterilization. It extends an asymmetric two-country model by introducing a global interbank market and an active domestic central bank. The goal of this policy is to mitigate the effect on the real …
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Essays on Monetary Issues of Small Open Economies: Theory and Some Evidence for Colombia
… are the topics of: (a) the relationship between foreign reserves and domestic credit; (b) the characterization of the balance of payments as a monetary or, alternatively, as a real trade/capital flow phenomenon; and (c) the role played by a black-market for foreign exchange. While (a) and (b) are …
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Optimal financial policies in an open economy: the UK case
… considered, the one involving targets for foreign reserves and the monetary aggregate seems to be preferable. However, the analysis also reveals that the policy makers should not adhere to the optimal rule, but should allow the paths of the intermediate targets to alter in response to new …
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The impact of sovereign wealth investment on the commercial real estate investment market
… Additionally, due to the extreme ground swell of foreign reserves and current account balances, there is nearly zero obligation for the return of capital. With no direct need for a return of or on capital, many of these Sovereign Wealth Funds operate under an effective "indefinite" time horizon. …
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Its not you, its me: an analysis of Multilateral Bank Finance in Botswana
… external borrowing, while economic growth, foreign exchange reserves, and government expenditure remain insignificant. In the short run, economic growth and trade balances exhibit statistically significant effects on borrowing, whereas foreign exchange reserves and government expenditure …
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Investment Promotion; Foreign Direct Investment Determinants and Policy Framework Analysis for India: Lessons for Zimbabwe
… themselves from similar situations by the use of foreign direct investment. Pursuant to this cause, the author identified India as a case study from which Zimbabwe can learn and thus seeks to identify and measure the determinants of foreign direct investment and understand the policy framework …
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The CFA Franc Zone: a modern reincarnation of a colonial relic
… countries have to deposit 50 per cent of their foreign reserves into the French treasury; they have to peg their currencies to the Euro on a fixed exchange rate system; and they are not allowed to devalue their currencies as they see fit, because in the union agreement, this is the exclusive …
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Macroeconomic dynamics in low income economies
… Commodity concentration of exports, and foreign exchange constraints on the behaviour of key macroeconomic variables. The literature defines the problem of export fluctuations with reference to commodity concentration of exports, the ability to forecast the fluctuations, and the …
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State, Resources and the Development of Modern Manufacturing in Zambia, 1924-1973
… comparative advantage in copper and created a foreign reserves crisis.
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Three Essays on the Credit Dimension of Monetary Policy
… international credit lines, repay part of their foreign debt, tap the local market for funds and cause spreads to increase in the domestic market. This increases financing costs for all firms, causes a deterioration of the balance of payments and depresses output. Calibrating the model to match …
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Monetary policy and economic performance - evidence from selected African countries
… in easing pressure on domestic currencies in the foreign exchange market? 3) Do banks engage in excessively risky behaviour when monetary policy is expansionary? 4) Does monetary policy influence aggregate variables like private capital formation, growth and their interrelationships? Chapter Two …
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Essays on Sovereign Default
… emerging countries tilt their borrowing towards foreign currency when expected inflation rises - a time when it is riskier to borrow in foreign currency, as domestic local currency is likely to devalue. I construct a New Keynesian model with inflationary default risk, where governments trade off …
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Exchange rate volatility, employment and macroeconomic dynamics in South Africa
… output volatility, money supply volatility, foreign reverses volatility, commodity price volatility, openness and a dummy for capital account liberalisation as explanatory variables. This is done using GARCH models for the period 1986- 2013 employing monthly time series data. The advantage of …