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The Fed's international dollar liquidity facilities: new evidence on effects

Goldberg, Linda S.; Ravazzolo, Fabiola - 2021

In March 2020, the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) Repo Facility. We provide new evidence on how the...

Persistent link: https://www.econbiz.de/10012797880

The Impossible Trinity and capital flows in East Asia

Grenville, Stephen A. - 2011

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy independence, and...

Persistent link: https://www.econbiz.de/10009379721

The dynamics of capital flow episodes

Friedrich, Christian; Guérin, Pierre - 2016

This paper proposes a novel methodology for identifying episodes of strong capital flows based on a regime-switching model. In comparison with the existing literature, a key advantage of our methodology is to estimate capital flow regimes without the need for context- and sample-specific...

Persistent link: https://www.econbiz.de/10011438852

The Impossible Trinity and Capital Flows in East Asia

Grenville, Stephen - 2011

While the initial certainty and stark simplicity of the Impossible Trinity have fuzzed and softened over time, this idea still holds a powerful sway over analysis of exchange rates and in the policy debate on capital flows. Yet the practical evidence suggests that the constraints on policy...

Persistent link: https://www.econbiz.de/10013118751

Central Banking in Africa : Prospects in a Changing World

Caruana, Jaime - 2013

Governors and senior officials representing some two dozen central banks from Africa and other regions of the world met at the BIS in May 2011 to discuss the monetary policy and financial stability issues facing Africa after the global financial crisis. This volume brings together the background...

Persistent link: https://www.econbiz.de/10013092071

Effectiveness of Monetary Policy Under Different Levels of Capital Flows for an Emerging Economy : Turkey

Ulke, Volkan - 2014

This paper assesses the effect of tight monetary policy on economic performance under different levels of capital flows. Empirical evidence from Turkey between 1990 and 2013 suggests that tight monetary policy measured with a positive innovation on interest rate appreciates the Turkish Lira (TL)...

Persistent link: https://www.econbiz.de/10013049177

Sudden stops and asset purchase programmes in the euro area

Fabiani, Josefina; Fidora, Michael; Setzer, Ralph; … - 2021

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i.e. total flows adjusted for EU and IMF loans and changes...

Persistent link: https://www.econbiz.de/10012643263

Monetary and Financial Stability Implications of Capital Flows in Latin America and the Caribbean

Settlements, Bank for International - 2008

than in the past, partly because of a greater share of foreign direct investment and reduced reliance on foreign financing … that has contributed to improvements in international investment positions (IIPs). Participants held the view that the …

Persistent link: https://www.econbiz.de/10014212895

Taking money seriously and putting it back into the Feldstein-Horioka saving-investment nexus

Chu, Kam Hon - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 489-522

- 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient … by integrating the balance of payments and national income accounting equations to show that domestic investment is … related to not only domestic saving and international capital flows but also changes in the domestic money supply and credit …

Persistent link: https://www.econbiz.de/10014518598

Monetary policy in a changing international environment : the role of capital flows

Feldstein, Martin S. - 2005

Persistent link: https://www.econbiz.de/10003240228

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