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Global financial transmission of monetary policy shocks
Ehrmann, Michael (contributor);  … - 2006
The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...
Persistent link: https://www.econbiz.de/10003320671
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Global financial transmission of monetary policy shocks
Ehrmann, Michael; Fratzscher, Marcel - In: Oxford bulletin of economics and statistics 71 (2009) 6, pp. 739-759
Persistent link: https://www.econbiz.de/10003898986
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Global financial transmission of monetary policy shocks
Ehrmann, Michael (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003363952
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Global Financial Transmission of Monetary Policy Shocks
Ehrmann, Michael; Fratzscher, Marcel - 2021
The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...
Persistent link: https://www.econbiz.de/10013317648
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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - 2011
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …
Persistent link: https://www.econbiz.de/10011605438
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The euro bloc, the dollar bloc and the yen bloc : how much monetary policy independence can exchange rate flexibility buy in an interdependent world?
Fratzscher, Marcel (contributor) - 2002
Persistent link: https://www.econbiz.de/10001702791
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A Global Monetary Tsunami? On the Spillovers of US Quantitative Easing
Fratzscher, Marcel - 2012
The paper analyses the global spillovers of the Federal Reserve's unconventional monetary policy measures since 2007. First, we find that Fed measures in the early phase of the crisis (QE1), but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets...
Persistent link: https://www.econbiz.de/10013099158
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The Euro Bloc, the Dollar Bloc and the Yen Bloc : How Much Monetary Policy Independence Can Exchange Rate Flexibility Buy in an Interdependent World?
Fratzscher, Marcel - 2021
The paper analyses the trade-off between exchange rate flexibility and monetary policy autonomy. It tests empirically the "Possible Duality" hypothesis, i.e. whether countries with more flexible currency regimes are indeed able to exert more monetary policy autonomy than those with less flexible...
Persistent link: https://www.econbiz.de/10013320230
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On currency crises and contagion
Fratzscher, Marcel (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001541161
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On currency crises and contagion
Fratzscher, Marcel - In: International journal of finance & economics : IJFE 8 (2003) 2, pp. 109-129
Persistent link: https://www.econbiz.de/10001749275