Correlation between monetary shocks and exchange rates in Egypt | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 13, April 2018, Pages 5-35 | ||
| Author | ||
| prof.Abid Alhsen galel Alkalibe and Layla bdewe mtok | ||
| Abstract | ||
| ABSTRCT: Increasing shocks appear when the actual cash size excesses the optimum cash size, or when the interest rate is decreased. The deflation shocks appear when the actual cash size been less than the optimum cash size, or when the interest rate is increased Monetary Shocks include (cash supply, cash demand, interest rate and exchange rate). Monetary Shocks confuse markets because the individual tend to adjust their accounts via the commodities and services markets or via stocks in the exchange markets. The effect of the Monetary Shocks on the exchange rate is varied according to the followed exchange system. The study found that there is no relation between monetary shocks and exchange rates in Egypt ( 1981-2010) and( 1992- 2010 ), | ||
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