Similar Search Results

Financial Market Integration and Exchange Rate Policy

Rojas-Suárez, Liliana - 1990

This paper examines how a country’s exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is...

Persistent link: https://www.econbiz.de/10014396254

Policy Responses to External Imbalances in Emerging Market Economies : Further Empirical Results

Carranza, Luis - 1998

A bivariate vector-autoregression (VAR) model is used to test causal relations between the current account and the capital account in four emerging market economies. The results show that high capital mobility could be a major cause of current account instability. Therefore, macroeconomic policy...

Persistent link: https://www.econbiz.de/10014403375

Post-Crisis Exchange Rate Policy in Five Asian Countries : Filling in the ""Hollow Middle""?

Hernández, Leonardo - 2001

Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, reinforcing the bipolar view of exchange rate regimes and the ""hollow middle"" hypothesis. But some academics have claimed that the crisis countries'' policies have...

Persistent link: https://www.econbiz.de/10014399947

Financial Liberalization and the Information Content of Money in Indonesia, Korea, and the Philippines

Hamann, A. Javier - 1993

countries that underwent financial sector reform during the 1980s: Indonesia, Korea, and the Philippines. Special attention is … prices in Korea, on prices only in the Philippines, and did not contain any advance information in Indonesia. The … with the reforms—contain valuable information about future developments in prices in Korea and the Philippines …

Persistent link: https://www.econbiz.de/10014398026

Did Output Recover From the Asian Crisis?

Cerra, Valerie - 2003

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...

Persistent link: https://www.econbiz.de/10014404003

Liquidity management under fixed exchange rate with open capital account

El Hamiani Khatat, Mariam; Veyrune, Romain Michel - 2019

This paper introduces a theoretical framework for liquidity management under fixed exchange rate arrangement, derived from the price-specie flow mechanism of David Hume. The framework highlights that the risk of short-term money market rates un-anchoring from the uncovered interest rate parity...

Persistent link: https://www.econbiz.de/10012009594

The transmission of external shocks in Asia : country characteristics and policy responses

Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021

Persistent link: https://www.econbiz.de/10012487199

Capital flows : the role of bank and nonbank balance sheets

Hashimoto, Yūko; Krogstrup, Signe - 2019

This paper assesses the role of bank and nonbank financial institutions' balance sheet foreign exposures and risk management practices in driving capital flow responses to global risk. Using a unique and previously unexplored dataset on domestic and cross border balance sheet positions of...

Persistent link: https://www.econbiz.de/10012019857

Financial Globalization and Exchange Rates

Milesi-Ferretti, Gian-Maria - 2005

The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the rapid pace of financial globalization during recent years...

Persistent link: https://www.econbiz.de/10014400701

Does Financial Globalization Induce Better Macroeconomic Policies?

Wei, Shang-Jin - 2004

Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect""). The empirical tests have two innovations. First, we...

Persistent link: https://www.econbiz.de/10014400935

1
2
3
4
5
6
7
8
9
10
Next
Last