دور سياسة التضخم المستهدف في تحقيق استقرار سعر الصرف

دراسة في تجارب دولية مختارة

Abstract

This research discusses the role of inflation targeting policy in achieving the
stability of nominal exchange rate in selected international assays and it is
one of the core teasing subjects in the monetary policy. This research
depends on the hypothesis that this policy failed to achieve stability in
nominal exchange rate in the countries of the research, This research
includes three sections, the first one is important to deal with the concept of
inflation targeting policy and clarify its contents and conditions of its
production. This section ends with criticisms given to inflation targeting
policy. The second section focuses on the study of carrying out of inflation
targeting policy and its influence on changes of exchange rate in three
developing countries such as Chile, Thailand and South Africa. The third
section provides estimation to the models of research that use the analysis of
regression. The research has come up with some results that this policy
failed in achieving stability in nominal exchange rate in the countries of the
researches and this had enhanced the hypothesis of research.