Improving trade balance is one of the main goals of economy countries and monetary policies، the effective’s factor on trade balance are different. But In this paper study the evaluating effect of monetary policies on selected countries from Asia & Africa in period of (2004-2015) by analyzing panel data with GMM methods. The consequence of this paper shows that monetary policy (money volume) and real exchange rate at 95% level of confidence have negative and significant effect on trade balance (net export) , but the intensity of each variables is different.
Key words: Trade Balance, Monetary Policy, Real Exchange Rate and panel data.
|Kateb Quarterly ( Scientific – Research)
Vol 4, No 5, Summer 2017 (141 – 158)