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The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can...
Persistent link: https://www.econbiz.de/10009651647
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …
Persistent link: https://www.econbiz.de/10005036707
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of financial...
Persistent link: https://www.econbiz.de/10010840153
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134340
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134373
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134388
; assesses policy outcomes including inflation targeting and responses to the “Impossible Trinity”; and makes overall conclusions …. The paper finds that East Asian central banks have managed inflation and growth well over the past decade, but the …
Persistent link: https://www.econbiz.de/10010991109
A key lesson of the 2007–2009 global financial crisis was the importance of containing systemic financial risk and the need for a “macroprudential” approach to surveillance and regulation that can identify system-wide risks and take appropriate actions to maintain financial stability. By...
Persistent link: https://www.econbiz.de/10010991125
A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a “macroprudential†approach to surveillance and regulation that can identify system-wide risks and take appropriate actions to maintain...
Persistent link: https://www.econbiz.de/10011278022
stabilize the economic cycle and achieve stable and low inflation. The evidence suggests that macroeconomic policy can …
Persistent link: https://www.econbiz.de/10011278107