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. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10003968901
. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10002612636
This paper extends the Dincer and Eichengreen (2007) index of central bank transparency. Improvements in transparency are notable in Central and Eastern Europe, while the index has shown much smaller rises in most other parts of the world. The pattern observed by Dincer and Eichengreen,...
Persistent link: https://www.econbiz.de/10013138709
Macroprudential policy holds the promise of becoming a powerful tool for preventing financial crises. Financial amplification in response to domestic shocks or global spillovers and pecuniary externalities caused by Fisherian collateral constraints provide a sound theoretical foundation for this...
Persistent link: https://www.econbiz.de/10014124261
During emerging market crises, domestic agents might have sufficient collateral to borrow from the other domestic agents, but they are unable to borrow from foreigners because the country, as a whole, lacks international collateral. In this setting, we show that an (ex-post) optimizing central...
Persistent link: https://www.econbiz.de/10014118568
Conventional wisdom holds that monetary policy in emerging economies is procyclical, unlike in advanced economies. Using a large sample of countries from the mid-1990s onwards, we show that the conduct of monetary policy is not fundamentally different across these two groups of countries....
Persistent link: https://www.econbiz.de/10013388814
multilateral cooperation when countries are linked by international trade flows and transboundary pollution. …
Persistent link: https://www.econbiz.de/10005583073
Debt is Irrelevant - David Barrows -- II. Trade -- 4. The Ambiguous Effects of Pursuing Current Account Surpluses - Nina …, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors — one arguing for a certain policy …
Persistent link: https://www.econbiz.de/10013461555
We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …
Persistent link: https://www.econbiz.de/10011142093
Persistent link: https://www.econbiz.de/10012624876