Do monetary policy outcomes promote stability in fragile settings?

Diallo, Oumar; Gui-Diby, Steve Loris; Imam, Patrick

doi:10.1080/00036846.2023.2168612

Cited by 3 publications

(3 citation statements)

References 48 publications

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“…Some authors in the country (Gónzalez-Orellana, 2008;Glower, 2010Glower, , 2011Arias, 2017) have spoken out against dollarization and have openly proposed a return to the local currency. According to critics, this measure has eliminated one of the most important tools of economic policy, such as the possibility of devaluing in times of crisis to promote exports and economic growth (Diallo et al, 2023).…”

Section: The Effects Of Dollarization In El Salvadormentioning

confidence: 99%

El Salvador: an analysis of the monetary integration law and the bitcoin law

ALONSO,

FERNÁNDEZ,

BAS

et al. 2024

Brazil. J. Polit. Econ.

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The objective of this article is to analyze the two most important monetary laws that have been implemented in El Salvador, namely the Monetary Integration Law (MIL) and the Bitcoin Law. The most important articles of both laws will be analyzed, as well as the consequences of dollarization, and the possible advantages and risks associated with the adoption of Bitcoin as legal tender. Although this measure may have some positive aspects by encouraging financial innovation and facilitating remittances, the macroeconomic risk is very high due to the volatility of this cryptocurrency. So far no positive results have been achieved as the acceptance has been very low and there has been a depreciation of the asset in recent months.

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Section: The Effects Of Dollarization In El Salvadormentioning

confidence: 99%

El Salvador: an analysis of the monetary integration law and the bitcoin law

ALONSO,

FERNÁNDEZ,

BAS

et al. 2024

Brazil. J. Polit. Econ.

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“…Despite the absence of consensus on what the term "fragility" entails, it frequently refers to a state that has problems with governance, capability, and sometimes inadequate state legitimacy, which frequently results in tensions and violent conflict (Diallo et al, 2022). Fragile and conflict-affected states (FCS) countries that are "trapped" in cycles of low administrative capability, political instability, conflict, and poor economic performance (IMF, 2015).…”

Section: A Definition(s) Of Fragilitymentioning

confidence: 99%

How Nations Become Fragile: An AI-Augmented Bird’s-Eye View (with a Case Study of South Sudan)

Atashbar

2023

IMF Working Papers

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In this study we introduce and apply a set of machine learning and artificial intelligence techniques to analyze multi-dimensional fragility-related data. Our analysis of the fragility data collected by the OECD for its States of Fragility index showed that the use of such techniques could provide further insights into the non-linear relationships and diverse drivers of state fragility, highlighting the importance of a nuanced and context-specific approach to understanding and addressing this multi-aspect issue. We also applied the methodology used in this paper to South Sudan, one of the most fragile countries in the world to analyze the dynamics behind the different aspects of fragility over time. The results could be used to improve the Fund's country engagement strategy (CES) and efforts at the country.

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“…Cohesive relationship of monetary and fiscal policy can help maintain stable economic growth in the face of low DOI: https://doi.org/10. 57233/gujeds.v4i1.16 Gusau Journal of Economics and Development Studies (GUJEDS), Vol 4 (1), December, 2023ISSN: 3027-1126; 2786-9695 (Online) ©Authors unemployment, low inflation, and stable pricing (Diallo et al, 2024).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Fiscal Policy on the Relationship Between Monetary Policy and Macroeconomic Variables in Nigeria

B.,

2023

GUJEDS

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This study examined the effect of fiscal policy on the relationship between monetary policy and macroeconomic variables in Nigeria: An Empirical Investigation. The study employed a two-stage least square technique as estimation technique, where in the first step; the empirical models of fiscal and monetary policies were separately estimated. In the second step, the dependencies of each policy on the other are then included, to capture the effects of each on the other. Annual time series on the various monetary policy and fiscal policy variables from 1981 to 2020 were obtained from the Central Bank of Nigeria statistical bulletin. Augmented Dickey Fuller (ADF) test was used to examine the stochastic properties of the series. The findings revealed that Gross Domestic Product (GDP), inflation, and money supply are negatively related to monetary policy rate in Nigeria. Also, government expenditure limits the effectiveness of monetary policy in the management of both economic growth and inflation in Nigeria as the effect on inflation reduces from 0.06 to 0.02 and the effect on GDP changes from negative to positive. The study recommended that there should be an establishment of better consultation between both policies in order to secure high and sustainable fiscal and monetary policy mix and hence economic growth with price stability.

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Do monetary policy outcomes promote stability in fragile settings?

Cited by 3 publications

References 48 publications

El Salvador: an analysis of the monetary integration law and the bitcoin law

El Salvador: an analysis of the monetary integration law and the bitcoin law

How Nations Become Fragile: An AI-Augmented Bird’s-Eye View (with a Case Study of South Sudan)

The Effect of Fiscal Policy on the Relationship Between Monetary Policy and Macroeconomic Variables in Nigeria

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