scholarly journals Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies

2015 ◽  
Author(s):  
Matteo Cacciatore ◽  
Romain Duval ◽  
Giuseppe Fiori ◽  
Fabio Ghironi
Keyword(s):  
Monetary Policy ◽  
Open Economies ◽  
Small Open Economies ◽  
Short Term

scholarly journals Short-term pain for long-term gain: Market deregulation and monetary policy in small open economies

2016 ◽  
Vol 68 ◽  
pp. 358-385 ◽  
Author(s):  
Matteo Cacciatore ◽  
Romain Duval ◽  
Giuseppe Fiori ◽  
Fabio Ghironi
Keyword(s):  
Monetary Policy ◽  
Open Economies ◽  
Small Open Economies ◽  
Short Term

scholarly journals Effectiveness of Monetary Policy Instruments on Economic Growth in Jordan Using Vector Error Correction Model

2017 ◽  
Vol 9 (11) ◽  
pp. 194
Author(s):  
Rami Obeid ◽  
Bassam Awad
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Policy Instruments ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Real Gdp ◽  
Vector Error ◽  
Effect Of Monetary Policy

The global financial crisis emphasized the important role of the prudent monetary policy in supporting economic growth through maintaining price stability. The monetary policy operational framework that was designed in 2008 was updated to include more instruments for managing monetary policy learning from the crisis lessons. Several studies analyzed various dimensions related to economic growth in Jordan such as Abdul-Khaliq, Soufan, and Abu Shihab (2013) and Assaf (2014), there were no studies that investigated the effect of monetary policy on economic growth in Jordan, at least recently, however. The study aims at measuring the effect of monetary policy instruments on the performance of Jordanian economy. Using quarterly data covering the period (2005-2015), an econometric model was examined using Vector Error Correction Model to assess the impact of monetary policy instruments on economic growth. The foremost advantage of VECM is that it has a nice interpretation of long-term and short-term equations. The results showed the existence of positive long-term and short-term effects of monetary policy instruments on the growth of real GDP. The model included three monetary policy instruments besides money supply. They are required reserve ratio, rediscount rate and overnight interbank loan rates as independent variables, and the real GDP growth as a dependent variable. The stationarity of the model time series was addressed. In addition, the stability of the model was tested using stability diagnostics tools. The results showed also an existence of inverse relationship between rediscount rate and economic growth in Jordan over both long and short terms.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBIAYAAN BANK SYARIAH UNTUK SEKTOR PERIKANAN DI INDONESIA

2020 ◽  
Vol 7 (4) ◽  
pp. 757
Author(s):  
Nur Laili ◽  
Hendri Tanjung
Keyword(s):  
Monetary Policy ◽  
Significant Role ◽  
Banking Industry ◽  
Islamic Banking ◽  
Short Term ◽  
Financial Access ◽  
Data Source

The development of the fisheries sector in Indonesia should get more attention, especially in efforts to increase fishing businesses, limited financial access is still a problem that must be faced by the fisheries sector. Thus, Islamic banking can play a significant role in providing financing for the development of national fisheries. This study analyzes the factors that influence fisheries financing in Islamic banking in Indonesia and how efforts to increase fisheries sector financing. The processed data source is the monthly statistics of the Islamic banking industry from October 2014 to May 2019, and the method of analysis of this study uses VAR / VECM. The results showed that the NPF and PUAS affect fishery financing in the short term negatively and significantly. Whereas in the long term INF, NPF, PUAS, and ISBIS negatively affect fishery financing, as for CAR, and FDR affects fishery financing positively. Furthermore, SBK, and MRP do not affect fishery financing, both short-term and long-term. This study recommends an increase in the proportion of fishery financing along with an increase in Islamic banking capital, increased monitoring of fishery financing, and strengthening of national monetary policy instruments.Keywords: fisheries financing, Islamic banking, VAR/VECM

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