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Pircher, Marion (contributor) - 2008

systems. -- international financial markets ; financial stability ; capital flows ; exchange rates ; China ; India ; Brazil …, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and …This paper discusses the movement of capital flows to and from the exchange rate regimes and monetary policies of China …

Persistent link: https://www.econbiz.de/10003793467

Monetary policy independence and the strength of the global financial cycle

Friedrich, Christian; Guérin, Pierre; Leiva-Léon, Danilo - 2020 - Last updated: June 5, 2020

We propose a new strength measure of the global financial cycle by estimating a regimeswitching factor model on cross-border equity flows for 61 countries. We then assess how the strength of the global financial cycle affects monetary policy independence, which is defined as the response of...

Persistent link: https://www.econbiz.de/10012243375

The IMF and Regulation of Cross-Border Capital Flows

Feibelman, Adam - 2015

This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...

Persistent link: https://www.econbiz.de/10013031468

A Century of Global Equity Market Correlations

Quinn, Dennis P.; Voth, Hans-Joachim - 2023

In this paper, we use a unique long-run dataset of regulatory constraints on capital account openness to explain stock market correlations. Since stock returns themselves are highly volatile, any examination of what drives correlations needs to focus on long runs of data. This is particularly...

Persistent link: https://www.econbiz.de/10014353441

Motivations for capital controls and their effectiveness

Pandey, Radhika; Pasricha, Gurnain Kaur; Patnaik, Ila; … - 2015

We assess the motivations for changing capital controls and their effectiveness in India, a country with extensive and … macroprudential concerns. We construct a fine-grained data set on capital control actions on foreign borrowing in India. Using event …

Persistent link: https://www.econbiz.de/10010472535

Taper tantrum and emerging equity market slumps

Estrada, Gemma B.; Park, Donghyun; Ramayandi, Arief - 2015

In the postglobal financial crisis period, the central banks of the advanced economies pursued unconventional monetary policies, such as the United States (US) Federal Reserve's quantitative easing (QE). Those policies and their unwinding may significantly affect cross-border capital flows and...

Persistent link: https://www.econbiz.de/10011346243

Domestic and multilateral effects of capital controls in emerging markets

Pasricha, Gurnain Kaur; Falagiarda, Matteo; … - 2015

capital inflow management. Tightening of capital inflow restrictions in Brazil, Russia, India, China and South Africa (the …

Persistent link: https://www.econbiz.de/10011372773

Developing India's offshore local currency bond market : lessons from emerging countries

Kohli, Renu; Sahoo, Pravakar; Shuheb Khan, M. - 2017

peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by … EMEs exploiting the opportunity. India also launched its rupee-denominated bond (masala bond) abroad in 2013, seeking to …

Persistent link: https://www.econbiz.de/10011708308

The Disorders of Unrestricted Capital Mobility and the Limits of the Orthodox Imagination : A Critique of Robert Solomon, 'Money on the Move: The Revolution in International Finance Since 1980'

Canova, Timothy A. - 2009

This book review provides a critique of Robert Solomon's' Money on the Move: The Revolution in International Finance since 1980'. According to the reviewer, Solomon has written a highly descriptive account of some of the major developments in global financial markets over the past two decades....

Persistent link: https://www.econbiz.de/10014057327

China India Brazil South Africa

Gottschalk, Ricardo (contributor); … - 2008

This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South …

Persistent link: https://www.econbiz.de/10003793503