Author/Editor: Felix Fischer, Charlotte J Lundgren, Samir Jahjah.

Release Date:November, 2013

The paper looks at the challenges of conducting monetary policy in a context of high dollarization of the banking system and weak institutions in the Democratic Republic of the Congo. The empirical more...

Author/Editor: Sònia Muñoz, Samir Jahjah, Martin Cihak, Sharika Teh Sharifuddin, Kalin Tintchev.

Release Date:January, 2012

The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial more...

Author/Editor: Zhanwei Z Yue, Samir Jahjah.

Release Date:November, 2004

We test the hypothesis of a link between exchange rate policy and sovereign bonds. We analyze the effect of exchange rate policies on supply and credit spreads of sovereign bonds issued by developing more...

Author/Editor: Samir Jahjah, Ralph Chami, Connel Fullenkamp.

Release Date:September, 2003

The role of remittances in development and economic growth is not well understood. This is partly because the literatures on the causes and effects of remittances remain separate. We develop a more...

Author/Editor: Peter Montiel, Samir Jahjah.

Release Date:March, 2003

We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects more...

Author/Editor: Samir Jahjah.

Release Date:December, 2001

The main tasks of central banks are to secure price and financial stability. These objectives can, in times of crises, conflict with one another, and the central bank may have to renounce one of them more...