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China India Brazil South Africa
Pircher, Marion (contributor) - 2008
systems. -- international financial markets ; financial stability ; capital flows ; exchange rates ; China ; India ; Brazil …, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and …This paper discusses the movement of capital flows to and from the exchange rate regimes and monetary policies of China …
Persistent link: https://www.econbiz.de/10003793467
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Taper tantrum and emerging equity market slumps
Estrada, Gemma B.; Park, Donghyun; Ramayandi, Arief - 2015
In the postglobal financial crisis period, the central banks of the advanced economies pursued unconventional monetary policies, such as the United States (US) Federal Reserve's quantitative easing (QE). Those policies and their unwinding may significantly affect cross-border capital flows and...
Persistent link: https://www.econbiz.de/10011346243
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Domestic and multilateral effects of capital controls in emerging markets
Pasricha, Gurnain Kaur; Falagiarda, Matteo; … - 2015
capital inflow management. Tightening of capital inflow restrictions in Brazil, Russia, India, China and South Africa (the …
Persistent link: https://www.econbiz.de/10011372773
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Monetary policy independence and the strength of the global financial cycle
Friedrich, Christian; Guérin, Pierre; Leiva-Léon, Danilo - 2020 - Last updated: June 5, 2020
We propose a new strength measure of the global financial cycle by estimating a regimeswitching factor model on cross-border equity flows for 61 countries. We then assess how the strength of the global financial cycle affects monetary policy independence, which is defined as the response of...
Persistent link: https://www.econbiz.de/10012243375
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The Global Financial Cycle, Bank Capital Flows and Monetary Policy. Evidence from Norway
Alstadheim, Ragna - 2018
We investigate the importance of a global financial cycle for gross capital inflows based on monthly balance sheet data for Norwegian banks. The VIX index has been interpreted as an "investor fear gauge" and associated with a global financial cycle. This index has also been found to impact real...
Persistent link: https://www.econbiz.de/10012926821
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International capital flow pressures and global factors
Goldberg, Linda S.; Krogstrup, Signe - 2023
The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index that combines pressures observed in exchange rate adjustments with model-based estimates of incipient pressures that are masked by foreign exchange interventions and policy rate...
Persistent link: https://www.econbiz.de/10013548958
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Interest rate uncertainty as a policy tool
Ghironi, Fabio; Ozhan, G. Kemal - 2020 - Last updated: April 16, 2020
We study a novel policy tool-interest rate uncertainty-that can be used to discourage inefficient capital inflows and to adjust the composition of external account between shortterm securities and foreign direct investment (FDI). We identify the trade-offs faced in navigating between external...
Persistent link: https://www.econbiz.de/10012201386
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Investment funds, monetary policy, and the global financial cycle
Kaufmann, Christoph - 2021
This paper studies the role of international investment funds in the transmission of global financial conditions to the euro area using structural Bayesian vector auto regressions. While cross-border banking sector capital ows receded significantly in the aftermath of the global financial...
Persistent link: https://www.econbiz.de/10012510743
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Investment funds, monetary policy, and the global financial cycle
Kaufmann, Christoph - 2020
This paper studies the role of international investment funds in the transmission of global financial conditions to the euro area using structural Bayesian vector auto regressions. While cross-border banking sector capital flows receded significantly in the aftermath of the global financial...
Persistent link: https://www.econbiz.de/10012316994
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Leaning against the global financial cycle
Ferrero, Andrea; Habib, Maurizio Michael; Stracca, Livio; … - 2022
We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength is a key determinant of the different effects of the GFC...
Persistent link: https://www.econbiz.de/10013488632