that the inflation dynamics during this time matched with from commodities price shock, instead of domestic demand shock …

macro-prudential management regarding cross-border capital flow and optimal level of international monetary policy …, the central bank should conduct a certain level of macro-prudential management of cross-border capital flow. Based on this …), which is “Macro prudential management plus Exchange rate flexibility plus International monetary policy coordination.” Only …

commercial banks and adopt Arellano and Bond's (1991) generalized method of moments approach to conduct our empirical analysis …