No description available.

No description available.

No description available.

This thesis is a empirical test of the constancy of the real rate of interest in Germany over the period of 1970 to 2000. The methodology, based on Mishkin (1981), employs Ordinary Least Squares regressions to search for correlation in movements of real rates with lagged inflation, time trends, and ten other variables that commonly appear in the literature. Overall results reject the hypothesis of the constancy of the real rate. The Fisher Effect (Fisher, 1930), that movements in nominal interest rates reflect changes in expected inflation, is found to be only moderate for Germany. The monetary policy implication is that nominal interest rates contain little information about real interest rates and therefore on the tightness of monetary policy. Overall lack of significance in the test results may (as Mishkin found) be because there is so little variation in real rate movements. / Master of Arts

M.Com. (Econometrics) / The main objective of this study was to formulate and evaluate a set of equations that adequately represents the South African monetary system. The analytical framework of the study is based on a theoretical examination of the process of formulating monetary policy. The main objectives of monetary policy was identified as price stability, a high rate of economic growth, exchange rate stability and an acceptable balance of payments situation. The achievement of these goals is dependent on the central bank's choice of target variables and policy instruments. The monetary system of South Africa was analysed by examining the various goals, target variables and policy instruments that constitute the South African Reserve Bank's monetary policy. The nature and impact of the new banking legislation which was introduced in South Africa on 1 February 1991 when the Deposit-taking Institutions Act of 1990 came into effect, was also discussed in the study. As a result of the high level of abstraction of the monetary phenomenon and the dynamic and interdependent nature of monetary policy, econometric and statistical techniques and criteria were used to evaluate certain aspects of the South African monetary system.

This research proposes that monetary policy is more than a technical economic policy. Since it is politically controlled, political variables should affect it. In this analysis, the monetary policies of France, Italy, the United Kingdom, and West Germany are described in detail. Political variables potentially affecting this policy are reviewed. Political variables, such as political party in power, electoral competition, electoral cycles, and political instability, are employed in a time series regression analysis of monetary aggregates. Various economic variables are also included to aid model specification. While cross-national variations occur in monetary policy determination, this research shows that political parties follow ideologies in monetary policy-making. Other political variables are not strongly related to monetary aggregates.

Thesis (Ph. D.)--State University of New York at Binghamton, Department of Economics, 2005. / Includes bibliographical references (leaves 280-289).

No description available.

Thesis (M. Soc. Sc.)--University of Hong Kong, 1986.

Thesis (Ph.D.)--York University, 2006. Graduate Programme in Political Science. / Typescript. Includes bibliographical references (leaves 299-323). Also available on the Internet. MODE OF ACCESS via web browser by entering the following URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pqdiss&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&rft_dat=xri:pqdiss:NR19782