. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international …

Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is … reexamines the relationship between monetary policy, exchange rates and international trade flows. Using a dynamic stochastic …

business and credit cycles were as strong during Bretton Woods (1950-1972) as during the Globalization period (1984-2006). For …

integration, globalization increases international competition, thereby forcing market players to make structural adjustments or …This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the … one hand, the many structural changes that are associated with the globalization process cause an increase in the …

. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data … the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and …

What does financial globalization imply for the design of monetary policy? Does the case for price stability change in … under endogenous international portfolio choice and incomplete markets. With endogenous portfolios, monetary policy takes on …

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between …