Turnover in EU Monetary Policy in a Crisis

Lebedeva, Larysa; Shkuropadska, Diana

doi:10.2478/eoik-2023-0011

Cited by 3 publications

(2 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…One such source highlights the risks associated with de-dollarization. In particular, concerns are raised regarding the effectiveness of monetary policy in a dollarized economy and the potential loss of seigniorage revenue (Lebedeva, & Shkuropadska, 2023). These concerns, however, are found to lack empirical support.…”

Section: Literature Reviewmentioning

confidence: 99%

De-Dollarisation in International Payments: Trend or Fiction

Todorova,

Moraliyska,

Raycheva

2024

Economics

View full text Add to dashboard Cite

The present research paper is focused the widely debated topic related to de-dollarization. It examines the trend of de-dollarization to check if the statements that the dollar is losing its weight and is about to lose its leading position in international trade payments are substantiated. Firstly, the theoretical framework behind the dollarization is explored. Secondly, the factors believed to be the basis of the de-dollarization process have been identified and analyzed, which are related to: geopolitical processes, changes in international payments policy in some BRICS countries, changes in international trade, etc. A performed analysis of the currency turnover in international trade, based on data from official sources, was made through forecast regression, which predicts the development of the share of the dollar in international payments. A correlation matrix was also calculated, showing the correlation links between the dollar and the other leadng currencies. The hypothesis, which is confirmed by the practical research, is that the de-dollarization process is proceeding slowly and uncertainly, and will continue to develop at a low pace leading to insignificant changes in the structure of the currency composition of international payments in the short and medium term. Further research could further explore each of the factors that could lead to a real dedollarisation trend in international payments.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

De-Dollarisation in International Payments: Trend or Fiction

Todorova,

Moraliyska,

Raycheva

2024

Economics

View full text Add to dashboard Cite

show abstract

“…The growth and size of reserves also serve as signals dealing with the credibility of monetary policy (Andriyani et al, 2020). They also provide clarity and certainty of future monetary policy as a useful forward guidance to financial markets (Lebedeva and Shkuropadska, 2023). Eventually, holding a relatively high level of international reserves reduces the vulnerability to promote growth (Cheung and Qian, 2007).…”

Section: Introductionmentioning

confidence: 99%

Modelling the Demand for Indonesia’s Foreign Reserves

Kuncoro,

Pardede

2024

Economics

View full text Add to dashboard Cite

The foreign reserves sufficiency is important to maintain macroeconomic stability. The main objective of this paper is to model the behaviour of the central bank in accumulating the foreign reserves in the case of Indonesia. Unlike the previous empirical studies, this paper disaggregates the components of foreign reserves into foreign currency, securities, gold, and special drawing rights. This paper relies on the Almost Ideal Demand System combined with the Error Correction Model. The estimation result for monthly data over the period 2010(1)-2020(12) reveals that the own-price coefficients are negative and statistically significant which is consistent with the standard theory of demand. While the foreign currency-securities pairwise is substitutive, the foreign currency-gold and the foreign currency-special drawing rights pairwise are complementary or even independent. However, the wealth effect is inelastic except for securities reserves. These results imply that the central bank of Indonesia can re-balance its reserves. The securities holding which have the highest proportion of foreign reserve scan be switched to foreign currency, gold, and/or special drawing rights. The rebalancing measures would remain having an optimal level of foreign reserves holding in terms of its opportunity cost. Therefore, the monetary authority can conduct a further macroeconomic stabilisation without substantially losing the returns.

show abstract

Assessing the Banking Sector of Bosnia and Herzegovina: An Analysis of Financial Indicators through the MEREC and MARCOS Methods

Mastilo,

Štilić,

Gligović

et al. 2024

Journal of Central Banking Theory and Practice

View full text Add to dashboard Cite

The banking sector assumes a pivotal role in the economic development of nations. The assessment of financial indicators pertaining to banks holds fundamental importance in the evaluation of bank stability and sustainability. This research employs the MEREC (Method based on the Removal Effects of Criteria) and MARCOS (Measurement of Alternatives and Ranking according to COmpromise Solution) methodologies to delve deeper into the financial landscape of the banking sector in Bosnia and Herzegovina (BiH). Specifically, the objective is to rank banks according to their financial indicators, utilizing financial data from the year 2022. The MEREC method is applied to gauge the significance of financial indicators and ascertain their respective weights, while the MARCOS method is employed to rank banks within BiH based on their financial indicators. The examination of financial indicators within the BiH banking sector, facilitated by the MEREC and MARCOS methodologies, yields a more comprehensive understanding of the sector’s present condition. Limitations of this research, which primarily stem from its reliance on available financial data and predefined methodologies, lies within limited consideration for external factors. To provide a broader contextual perspective, the inclusion of additional financial indicators and comparative analyses with banking sectors of other nations would be imperative. The findings of this research reveal that Raiffeisen Bank exhibits the most favourable financial indicators and demonstrates the highest level of efficiency within this context. Consequently, this research offers insights into identifying exemplary banks that can serve as models for enhancing the performance of others.

show abstract

Turnover in EU Monetary Policy in a Crisis

Cited by 3 publications

References 15 publications

De-Dollarisation in International Payments: Trend or Fiction

De-Dollarisation in International Payments: Trend or Fiction

Modelling the Demand for Indonesia’s Foreign Reserves

Assessing the Banking Sector of Bosnia and Herzegovina: An Analysis of Financial Indicators through the MEREC and MARCOS Methods

Contact Info

Product

Resources

About