This paper investigates exchange rate pass-through into consumer prices by considering
the nature of the shock triggering currency movements. By individually estimating structural …

We investigate inflation targeting (IT) in emerging markets, focusing on the role of the real
exchange rate and the distinction between commodity and non-commodity exporters. IT …

The global surge in energy costs poses a significant obstacle for the attainment of price
stability by the central banks across the world. This obstacle is further magnified for the …

The global financial crisis triggered by the collapse of the subprime mortgage market in the
United States has led to a vigorous debate about the nature and effectiveness of financial …

Remittances are private monetary transfers across borders and thus, often, involve different
currencies. Yet, the rapidly growing literature on the subject often ignores the role that …

Like many develo** countries, remittances are relatively larger capital inflows in
Bangladesh in the recent years. Hence, understanding the impact of remittances on the …

This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of
exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic …

Considering external constraints on monetary policy in emerging countries, we propose a
semi-structural vector autoregressive model with exogenous variables (VARX) to examine …

Based on the argument that monetary policy credibility can reduce the fear of floating, we
analyze this hypothesis for a set of 47 countries (of which, 32 are develo** countries, 26 …

Whether or not inflation targeting adoption leads to increased volatility of exchange rates is
controversial. The volatility increases with inflation targeting as a result of the flexible …