Chiba Keizai University & College Academic Repository / 千葉経済大学・千葉経済大学短期大学部機関リポジトリ
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The Impact of Floating Exchange Rate Regime on the Egyptian Economy
Get PDFThe demonstration against the government which started in Tunisia, 2010 was quickly spread over the middle Eastern countries. Egypt was no exception. The President, Mubarak resigned in 2011. The government’s malfunction in the aftermath of the revolution, the emergence of the Islamic State, or IS in the region and the airplane crush put the Egyptian economy into deep troubles. The tourist revenue fell sharply and foreign direct investment flew out, which resulted in a shortage of international reserves. As a consequence, the Egyptian government asked IMF for rescue. One of the requirements for the Extended Fund Facility, the rescue package, was shifting to floating exchange rate regime. Egypt introduced floating exchange rate system in November 2016.
This paper will investigate the impact of floating exchange rate regime on the Egyptian economy. The first paper analyzes the impact on trade. It is found the trade, both imports and exports, expanded soon after introducing floating exchange rate regime. Then, the paper runs the vector autoregressive model to analyze the impact of floating exchange rate regime on the monetary transmission channels. Four monetary transmission channels were identified to be working in floating exchange rate system. The study found that the exchange rate channel of discount rate and the bank lending channel of the reserve money were newly created after introducing floating exchange rate regium. The study also found that while discount rates were not statistically significant to explain exchange rates, bank lending yield of T-bill and asset prices, reserve money was significant.departmental bulletin pape
The Impact of Floating Exchange Rate Regime on the Egyptian Public Finance
Get PDFThis paper studied the impact of shifting to the floating exchange regime on public finance in Egypt with attention to debt. The paper found that fiscal position measured by structural balance to GDP was rising during the period after transition to floating exchange rate system despite rising interest rates, rapidly tightening monetary policy against capital outflows and souring inflation. Then, the paper looked at the impact of regime change on structural balance to GDP. The regression derived from debt dynamics equation shows a positive and statistically significant relation by public debt on structural balance confirming the causality from debt to structural balance. In the second half of this paper, the stability of debt is analyzed. The analysis provides that the sensitivity of primary balance on debt is very large, compared with rate of inflation, nominal interest rates and therefore, debt is stable in Egypt.departmental bulletin pape
Public Transfers and the Living Arrangements of the Elderly
Get PDFThis paper examines whether the public transfer program for low-income elderly individuals, Supplemental Security Income (SSI), displaces inkind private support from their adult children in the form of shared living. My finding shows that a small trade-off exists between the public transfer, SSI, and the private support from the adult children among elderly individuals extracted from the Assets and Health Dynamics Among the Oldest Old Study. Specifically, my estimates indicate that a $1,000 increase in SSI annual benefits reduces the probability of shared living by 0.41 percent.departmental bulletin pape
Cooperation between Scratch and EXCEL in algorithm education
Get PDFアルゴリズム教育の目的に変化がみられる。どのような場でのアルゴリズム教育かと言えば大学文系学部を中心とした情報基礎教育におけるアルゴリズム教育である。けっして工学部情報工学科等の理系学部におけるアルゴリズム教育ではない。大学経営学部や商学部、経営情報学部等の文系学部において事務系プログラミングを教えるカリキュラムの一部としてのアルゴリズム教育は会計ソフト等の事務系プログラミングの前提としてのアルゴリズム教育が主眼であった。今日これに変化がみられる。令和２年からスタートする小学校・中学校・高等学校でのプログラミング教育の変化の延長線上に位置する大学文系学部の情報リテラシー教育の一部としてのアルゴリズム教育である。経営実務のAI化に対応する情報学的教養の一部としてのアルゴリズム教育への変化である。CやCOBOL等を利用した事務プログラミングを意識したアルゴリズム教育から事務系プログラミングや制御系プログラミングを超越した、従来型プログラミングにとらわれないアルゴリズム教育へとである。この文脈においてScratchとEXCELは連携可能である。departmental bulletin pape
