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Assessing the Sustainability of Inflation Targeting: Evidence from EU Countries with Non-EURO Currencies

Adina Ionela Străchinaru / Bogdan Andrei Dumitrescu

This paper examines the impact of inflation targeting (IT) adoption on macroeconomic outcomes (unemployment, inflation, exchange rate, and its volatility) and banking concentration by comparing the non-EUR European countries that adopt an IT strategy to non-EUR European countries that do not adopt an IT strategy for the period of 2005−2015. The results suggest that IT has no impact on inflation, unemployment, and the exchange rate raises the systemic risk. Moreover, in non-IT countries, central banks are more concerned to minimizing the exchange rate volatility to better protect the debtors with foreign currency (EURO) loans.

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Assessing the Sustainability of Inflation Targeting: Evidence from EU Countries with Non-EURO Currencies

Adina Ionela Străchinaru / Bogdan Andrei Dumitrescu

This paper examines the impact of inflation targeting (IT) adoption on macroeconomic outcomes (unemployment, inflation, exchange rate, and its volatility) and banking concentration by comparing the non-EUR European countries that adopt an IT strategy to non-EUR European countries that do not adopt an IT strategy for the period of 2005−2015. The results suggest that IT has no impact on inflation, unemployment, and the exchange rate raises the systemic risk. Moreover, in non-IT countries, central banks are more concerned to minimizing the exchange rate volatility to better protect the debtors with foreign currency (EURO) loans.

Assessing the Sustainability of Inflation Targeting: Evidence from EU Countries with Non-EURO Currencies

Adina Ionela Străchinaru / Bogdan Andrei Dumitrescu

This paper examines the impact of inflation targeting (IT) adoption on macroeconomic outcomes (unemployment, inflation, exchange rate, and its volatility) and banking concentration by comparing the non-EUR European countries that adopt an IT strategy to non-EUR European countries that do not adopt an IT strategy for the period of 2005−2015. The results suggest that IT has no impact on inflation, unemployment, and the exchange rate raises the systemic risk. Moreover, in non-IT countries, central banks are more concerned to minimizing the exchange rate volatility to better protect the debtors with foreign currency (EURO) loans.

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Titel:

Assessing the Sustainability of Inflation Targeting: Evidence from EU Countries with Non-EURO Currencies

Beteiligte:

Adina Ionela Străchinaru (Autor:in) / Bogdan Andrei Dumitrescu (Autor:in)

Erschienen in:

Sustainability, Vol 11, Iss 20, p 5654 (2019)

Erscheinungsdatum:

2019

ISSN:

DOI:

https://doi.org/10.3390/su11205654

Medientyp:

Aufsatz (Zeitschrift)

Format:

Elektronische Ressource

Sprache:

Unbekannt

Schlagwörter:

inflation targeting , exchange rate volatility , financial stability , central banks , Environmental effects of industries and plants , TD194-195 , Renewable energy sources , TJ807-830 , Environmental sciences , GE1-350

Metadata by DOAJ is licensed under CC BY-SA 1.0

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