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that capital flows to EMEs are always beneficial through augmentation of their resources leading to greater investment … achieved a virtuous circle of continuing growth, low and stable inflation, and financial stability. How these elements can be …
Persistent link: https://www.econbiz.de/10009363976
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III. As a member of the G-20, the Financial...
Persistent link: https://www.econbiz.de/10009652192
Reform of financial regulation is a priority on the international agenda. At the call of the Group of Twenty Finance Ministers and Central Bank Governors (G-20), a number of new international standards have been issued, most notably Basel III. As a member of the G-20, the Financial...
Persistent link: https://www.econbiz.de/10009652205
This article sets out to assess the performance of inflation targeting (IT) frameworks from the perspective of the pass …-through effect of external price shocks into consumer price inflation, focusing on the four East Asian economies which have adopted … then investigate the linkage between inflation-responsive rules and pass-through rates, as suggested by Gagnon and Ihrig …
Persistent link: https://www.econbiz.de/10009365529
debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …
Persistent link: https://www.econbiz.de/10009363856
structure of Indian inflation and its measurement are examined. Simulations give the welfare effects of different types of … inflation targeting. Flexible CPI inflation targeting (CIT) without lags works best, especially if the economy is more open. But …, making the supply curve flatter. As long as such intervention is required, domestic inflation targeting (DIT) continues to be …
Persistent link: https://www.econbiz.de/10009365492
of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however …
Persistent link: https://www.econbiz.de/10009365497
This paper discusses the Chiang Mai Initiative Multilateralization (CMIM); its origin, development and future outlook. It puts forward a number of proposals to make the liquidity support role of the CMIM more effective. It is further argued that the CMIM can bring about major changes to the...
Persistent link: https://www.econbiz.de/10009363293
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve : how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10009363820
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters and national regulators response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10009363822