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3 edition of Cointegration analysis of dollarization in Egypt found in the catalog.

Cointegration analysis of dollarization in Egypt

Cointegration analysis of dollarization in Egypt

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Published by Economic Research Forum in Dokki, Cairo .
Written in English


Edition Notes

StatementTarik H Alami.
SeriesWorking paper -- 9923
Classifications
LC ClassificationsMicrofiche 2009/52196 (H)
The Physical Object
FormatMicroform
Pagination20 p.
Number of Pages20
ID Numbers
Open LibraryOL23644780M
LC Control Number2009321436

1 The Phillips-Perron () tests are based on the following model for any variable x: x t = β t + αx t - 1 + ε test relies on rejecting a unit root (α = 1) in favor of stationarity. The H 0: α = 1 is tested by Z(α), Z(tα): and α = 1, β = 0 is tested by Z(Ф3).The statistics in columns 3–5 are computed by restricting the coefficient β to be zero, and if the null hypothesis. cointegration approaches. This study used recent and advanced approach to test whether long run relationship between the variables exists or not by applying autoregressive distributive lag model (ARDL) bounds testing approach developed by Pesaran et al. () because of its numerous by: 6.

Dollarization occurs when a country uses US Dollar or other currency instead of or along with local currency. The picture of dollarization can be as follow: using dollar for bank Deposit, paying debt, buying goods and service, measuring national budget. 1 There are three types of dollarization: official, semi-official, and unofficial. DETERMINANTS OF FDI LOCATION IN EGYPT: EMPIRICAL ANALYSIS USING GOVERNORATE PANEL DATA. Shima’a Hanafy. Working Paper November I thank Caroline Freund, Moamen Gouda, Bernd Hayo, participants of the 20th Annual Meeting of the Economic Research Forum (ERF) in Cairo (March ) and research seminars.

Dollarization and Financial Integration dollarization may help strengthen fragile sovereign debt markets. The logic is that because In an extensive sensitivity analysis we find that dollarizing can either increase or reduce the amount of borrowing that can be supported in equilibrium. Relative to aCited by: Abstract. There is wide consensus that partial dollarization can magnify a country’s vulnerabilities (e.g., Guide et al., ). 2,3 These vulnerabilities relate to the country’s balance of payments, the banking sector and its borrowers and also fiscal sustain-ability. There is also broad consensus that dollarization is largely the product of macroeconomic instability or the threat thereof Cited by: 1.


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Cointegration analysis of dollarization in Egypt Download PDF EPUB FB2

Out of 5 stars Using Cointegration Analysis in Econmetric Modelling. Reviewed in Cointegration analysis of dollarization in Egypt book United States on Format: Textbook Binding.

The book is pretty average. The author explains relatively well unit roots and tests on whether they are present in time series or not. When it comes to cointegration the author explains well the /5(2).

InEcuador adopted a full dollarization, and El Salvador announced its determination to follow the same course. We seek in our analysis to understand the forces that favor and oppose currency unions; that is, we extend the classic analysis of opti- mum currency areas from Robert A.

Mundell (). One consideration, not touched on inFile Size: KB. Cointegration is a technique that has been used for some time to optimise equity portfolios, but there is limited evidence of its application in managing currency portfolios. This research examines whether there is any value to be gained by using cointegration-based strategies to optimise currency portfolios that are US dollar, euro and sterling based, by: 1.

The analysis of the benefits and costs of dollarization to Zimbabwe's economy revealed how dollarization has impacted on the stabilization of Zimbabwe's economy.

A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Other articles where Cointegration is discussed: Clive W.J.

Granger: which he invented the term cointegration. Through his cointegration analysis, Granger showed that the dynamics in exchange rates and prices, for example, are driven by a tendency to smooth out deviations from the long-run equilibrium exchange rate and short-run fluctuations around the adjustment path.

SUMMARY. Dollarization occurs when residents of a country extensively use foreign currency alongside or instead of the domestic currency. Dollarization can occur unofficially, without formal legal approval, or it can be official, as when a country ceases to issue a domestic currency and uses only foreign currency.

The book discusses the role of dollarization in sales, marketing, and product development. Rather than saying your product reduces downtime, demonstrate that the product can save $15, by reducing 30 minutes of downtime at $ per minute.

If the price is sufficiently less than the dollarized benefit, it's easy for the customer to justify the Cited by: 3. any systematic (multicountry) analysis between currency regimes and the average duration of funding; instead, the relative scarcity of long-term finance in developing countries seems to be related, inter alia, to high inflation and unstable macroeconomic policies of the past A third claimed advantage for dollarization is that it would reduce.

Abstract: Paper is focus on an analysis of relationship among the coffee price and the U. dollar index. For the estimation of long-term relationship a cointegration analysis is used. The article identifies a gap in the current research in the field of commodity markets. File Size: KB.

dollar to official dollarization. Given the similarities between the two regimes and accounting for the fact that El Salvador successfully maintained the peg from its inception until dollarization), this paper limits the scope of analysis to those areas where the effects of the monetary regime can be clearly Size: 1MB.

continues to be managed by the Central Bank of Egypt. The objective of this paper is to assess whether monetary policy significantly changed after the float. It first applies cointegration methodology using monthly data from to to show that there is a long-run relationship between the LE/US$ exchange rate and monetary fundamentals.

Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of the domestic currency. Currency substitution can be full or partial. Most, if not all, full currency substitution has taken place after a major economic crisis, for example, Ecuador and El Salvador in Latin America and Zimbabwe in Africa.

Some small economies, for whom it is impractical to. Dollarization automatically terminates that revenue unless explicitly offset by some kind of agreed formula for seigniorage-sharing with the United States. But once again, in practical terms, the loss will be smaller, the greater is the degree of prior informal dollarization.

For many. Cointegration And Causality Analysis of Government Expenditure And Economic Growth In Nigeria. Chiawa, M. M, Torruam, J. T, Abur, C. Abstract: The study investigates government expenditure and economic growth in Nigeria, using cointegation and causality analysis.

The study employsCited by: 4. Downloadable. Three macroeconomic issues are examined in separate self-contained studies. The novelty is in the combination of time domain time series methods with bootstrap techniques. The combined technique is here used to analyze issues where accuracy in inference, rather than the lack of theory, has increasingly become the central concern.

A cointegration analysis contrasting the application of multi-seasonal time," Conference, August, Milan, ItalyInternational Association of Agricultural Economists. Kushankur Dey & Debasish Maitra,   Browse Egypt news, research and analysis from The Conversation and Egypt must consider changes in weather patterns, among other factors.

Cowpea, also known as Black Eyed Pea, is. cointegration framework for our analysis. In view of the fact that the macroeconomic variables involved in the four nominal criteria are typically integrated of order one, a minimum and necessary requirement for the formation of a successful EMU over time is the existence of stable long-run relationships that tie together the variables in each.

Dollarization in Sub-Saharan Africa: Experience and Lessons (Washington: International Monetary Fund, April ) Publication orders may be placed online, by fax, or through the mail: International Monetary Fund, Publication Services P.O. BoxWashington, DCU.S.A. Tel. () Fax: () E-mail: [email protected]

Financial dollarization can take several forms, including foreign borrowing (domestic banks or local firms borrowing directly from abroad as in the case of Thailand and Indonesia in the 90s or Chile and Argentina in the early 80s) and deposit dollarization (domestic asset holders saving locally in foreign-currency.The first study, Egypt: an Economic and Social Analysis, written in Cairo in and published inran out of print and then was somewhat belatedly banned by the censor under the old régime.

The second, Egypt at Mid-Century, an extensively revised edition, written in New York in and published inhad a much smoother passage.The object of this book is different: to describe the economic and social structure of Egypt up to the outbreak of the second world war.

Hence political issues have been touched upon only in so far as they affect economic and social problems, and international .