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The global capital flows cycle : structural drivers and transmission channels

Habib, Maurizio Michael; Venditti, Fabrizio - 2019

In this paper, we study the effects of structural shocks that influence global risk - the main factor behind a "global capital flows cycle" - and how risk, in turn, is transmitted to capital flows. Our results show that not all the risk shocks driving the global financial cycle have the same...

Persistent link: https://www.econbiz.de/10012009141

Global footprints of monetary policies

Miranda-Agrippino, Silvia; Nenova, Tsvetelina; Rey, Hélène - 2020

Persistent link: https://www.econbiz.de/10012172905

Implications of Globalization for Monetary Policy

Wagner, Helmut - 2002

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

Persistent link: https://www.econbiz.de/10011689901

Financial globalisation and the Australian macroeconomy

Karunaratne, Neil Dias; Tisdell, Clem A. - 1998

Persistent link: https://www.econbiz.de/10000675857

Financial globalisation : key trends and implications for the transmission mechanism of monetary policy

Guðmundsson, Már - In: Financial market developments and their implications …, (pp. 7-29). 2008

Persistent link: https://www.econbiz.de/10003738100

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