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Has Egypt’s Monetary Policy Changed after The Float?

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  • Hoda Selim

    ()
    (The World Bank, Cairo, Egypt)

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    Abstract

    The aim of this paper is twofold. The first is to empirically assess whether there has been any significant change in exchange rate determination after the announcement of the float. The second is to provide a de facto classification for Egypt’s exchange rate regime. Both contributions were not addressed in previous empirical work. They are also timely since the Central Bank of Egypt (CBE) has announced in 2005 to move to an inflation targeting framework in the medium-term. Should the CBE decide to move in this direction, exchange rate concerns should only be addressed only if they are not in conflict with price stability.

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    Bibliographic Info

    Paper provided by Economic Research Forum in its series Working Papers with number 543.

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    Length: 31 pages
    Date of creation: Sep 2010
    Date of revision: Sep 2010
    Publication status: Published by The Economic Research Forum (ERF)
    Handle: RePEc:erg:wpaper:543

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