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Globalisation, Labour Markets and International Adjustment - Essays in Honour of Palle S. Andersen

White, William R.; Gudmundsson, Mar; Turner, Philip - 2010

market economy; and the impact of globalisation on the inflation process and the transmission mechanism of monetary policy …

Persistent link: https://www.econbiz.de/10014197460

Foreign Exchange Reserves in Africa : Benefits, Costs and Political Economy Considerations

Schanz, Jochen F. - 2019

. It also discusses how African central banks address any political economy challenges arising from investing scarce …

Persistent link: https://www.econbiz.de/10012857937

Reserves Management

Alsayari, Ayman - 2019

This note discusses FX reserves management as practised by emerging market economies and, more specifically, by Saudi Arabia. It shares the Saudi Arabian Monetary Authority's experience on reserve adequacy, investment objectives, philosophy and process, portfolio tranching, risk management and...

Persistent link: https://www.econbiz.de/10012857980

Foreign Exchange Intervention and Reserve Accumulation in an Emerging Market Economy : Selected Issues

Aguirre, Horacio - 2019

particular shocks faced by the economy.Full Publication: "https://ssrn.com/abstract=3497854" Reserve Management and FX …

Persistent link: https://www.econbiz.de/10012858286

Reserve Management in Emerging Market Economies : Trends and Challenges

Schanz, Jochen F. - 2019

Foreign exchange (FX) reserves are an integral part of emerging market (EME) central banks' policy toolkit. They insure against shocks and complement monetary policy to achieve price and financial stability. But building and holding FX reserves is costly. Drawing on a recent survey of 21 EME...

Persistent link: https://www.econbiz.de/10012858288

The Size of Foreign Exchange Reserves

Arslan, Yavuz - 2019

This paper assesses the determinants of foreign exchange (FX) reserves in emerging market economies (EMEs). First, it reviews the drivers behind reserve accumulation and the metrics used to evaluate reserve adequacy. We argue that precautionary motives, at least until early 2000s, were the main...

Persistent link: https://www.econbiz.de/10012858289

Financial Spillovers, Spillbacks, and the Scope for International Macroprudential Policy Coordination

Agenor, Pierre-Richard - 2018

This paper discusses the scope for international macroprudential policy coordination in a financially integrated world … economy. It first reviews the transmission channels associated with, and the empirical evidence on, financial spillovers and …

Persistent link: https://www.econbiz.de/10012921767

Breakdown of Covered Interest Parity : Mystery or Myth?

Wong, Alfred - 2018

The emergence and persistence of basis spreads in cross-currency basis swaps (CCBS) since the global financial crisis have become a mystery in international finance, as they violate the long-standing principle of covered interest parity (CIP). We argue that the phenomenon is no mystery but...

Persistent link: https://www.econbiz.de/10012923003

Does the Accumulation of Foreign Currency Reserves Affect Risk-Taking? An Event Study Approach

Fatum, Rasmus - 2018

Fatum and Yetman (2017) assess whether foreign currency reserves accumulation in the Asia-Pacific region is systematically associated with risk-taking, using an event study approach to examine the responses of various proxies of risk-taking to official announcements of reserves stocks. Across a...

Persistent link: https://www.econbiz.de/10012923013

Frontiers of Macrofinancial Linkages

Claessens, Stijn - 2018

linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how … brink of collapse and the deepest contraction in world output in more than half a century followed. Moreover, unprecedented … real economy and the financial sector. The topic of macrofinancial linkages promises to remain an exciting area of research …

Persistent link: https://www.econbiz.de/10012929483