@article{oai:lib.cku.repo.nii.ac.jp:00001504,
 author = {岡室, 美恵子 and Okamuro, Mieko and 染矢, 将和 and Someya, Masakazu},
 issue = {60},
 journal = {千葉経済論叢, CHIBA KEIZAI RONSO},
 month = {Jun},
 note = {The 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.},
 pages = {91--110},
 title = {エジプトの変動為替移行のマクロ経済への影響},
 year = {2019},
 yomi = {オカムロ, ミエコ and ソメヤ, マサカズ}
}