https://www.um.edu.mt/library/oar/handle/123456789/16726 2026-04-04T19:34:58Z 2026-04-04T19:34:58Z https://www.um.edu.mt/library/oar/handle/123456789/33242 2018-09-01T01:49:17Z 2006-01-01T00:00:00Z

Title: A study of the equilibrium real exchange rate of the Maltese lira Abstract: This study provides the theoretical background and empirical investigation that are essential for the estimation of the equilibrium real exchange rate (ERER) for the Maltese lira. The real exchange rate is the nominal exchange rate adjusted for domestic and international price levels while the ERER is the rate to which the real exchange rate tends over the medium to long term. Although not known directly, the ERER can be estimated under a number of assumptions. Some of these assumptions refer to the circumstances that need to prevail for the equilibrium to occur, others to the relation between the real exchange rate and economic fundamentals. In this study it is the equilibrium over the medium run that was of interest, since in the long run real adjustment is probably inevitable, even in the absence of corrective policy. The estimation of the ERER signals possible exchange rate misalignment and is therefore an essential input into the identification of the appropriate level of the Maltese lira exchange rate.

2006-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/17093 2018-04-27T08:51:29Z 2007-01-01T00:00:00Z

Title: Central Bank of Malta Thirty-ninth Annual Report and Statement of Accounts : 2006 Abstract: In line with the provisions of the Central Bank of Malta Act, the Bank publishes an Annual Report. This includes the Bank's certified annual accounts, a statement of its investments and a report on its operations during the previous year. The Annual Report also includes an introductory statement by the Governor, an analysis of economic and financial developments in Malta and abroad and an assessment of the economic outlook.

2007-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/16902 2018-04-26T05:51:22Z 2006-01-01T00:00:00Z

Title: Central Bank of Malta Quarterly Review : 2006 : 2 Abstract: The Central Bank of Malta regularly analyses domestic and international economic and financial developments in its Quarterly Review, which is published four times a year. The Review often carries policy speeches by the Governor and topical articles written by the Bank's staff. It also contains a series of statistical tables and a summary of domestic and foreign news items of interest. The Quarterly Review is prepared and issued by the Economics Department of the Central Bank of Malta.

2006-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/16898 2018-04-26T05:52:37Z 2006-01-01T00:00:00Z

Title: Central Bank of Malta Quarterly Review : 2006 : 3 Abstract: The Central Bank of Malta regularly analyses domestic and international economic and financial developments in its Quarterly Review, which is published four times a year. The Review often carries policy speeches by the Governor and topical articles written by the Bank's staff. It also contains a series of statistical tables and a summary of domestic and foreign news items of interest. The Quarterly Review is prepared and issued by the Economics Department of the Central Bank of Malta.

2006-01-01T00:00:00Z