Showing 1 - 10 of 15
, it shows how contributions of financial integration and monetary independence have increased from the first period to the … changes in the trilemma indices for macroeconomic outcomes. Accordingly, it reveals evidence that financial integration and …
Persistent link: https://www.econbiz.de/10009323638
evolution over time. We find that financial integration has increased markedly after the mid-2000s, with corresponding … for macroeconomic outcomes. We find some evidence that greater financial integration and corresponding loss of monetary …
Persistent link: https://www.econbiz.de/10008680976
participating countries and shows that they did not meet all the required theoretical criteria for a successful monetary integration …
Persistent link: https://www.econbiz.de/10011183543
shocks. I analyze how contractionary monetary policy shocks originating in different regions, specifically the Euro Area (“EU …
Persistent link: https://www.econbiz.de/10011107889
, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in an era of widespread … for financial integration. In contrast, the Trilemma configurations of India are in line with choices made by other … objectives, and has achieved comparable levels of exchange rate stability and financial integration buffered by sizeable …
Persistent link: https://www.econbiz.de/10011261190
, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in the era of deepening … failure of the Trilemma regression to capture any significant role for financial integration. One possible interpretation is … integration buffered by sizeable international reserves. …
Persistent link: https://www.econbiz.de/10009359933
, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in an era of widespread … for financial integration. In contrast, the Trilemma configurations of India are in line with choices made by other … objectives, and has achieved comparable levels of exchange rate stability and financial integration buffered by sizeable …
Persistent link: https://www.econbiz.de/10010556944
The last decade has seen a worldwide move by emerging markets to adopt explicit or implicit inflation targeting regimes. A notable and often discussed exception to this trend, of course, is China which follows pegged exchange rate regime supported by capital controls. Another major exception is...
Persistent link: https://www.econbiz.de/10009004833
We examine the response of U.S. (VIX) and German (VDAX) implied volatility indices to the announcement of interest rate policy decisions by the Federal Open Market Committee (FOMC) and the European Central Bank (ECB). We confirm prior findings that VIX declines on FOMC meetings days. We present...
Persistent link: https://www.econbiz.de/10011114294
This paper considers whether relationships exist between the daily weighted average 7-day interbank rate, the change in the daily 7-day interbank rate, the daily level of commercial banks excess reserves and the change in the daily level of excess reserves, which may guide domestic money market...
Persistent link: https://www.econbiz.de/10011111546