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International monetary transmission and exchange rate regimes : floaters vs. non-floaters

Kim, So-yŏng; Yang, Tu-yong - 2009

This paper analyzed the impact of United States (US) monetary shocks on the economies of selected East Asian countries using a structural vector autoregression model. We found that the impacts of the US monetary shocks on domestic interest rates and exchange rates contradict conventional wisdom....

Persistent link: https://www.econbiz.de/10003928020

Influence of ADB Bond Issues and US Bonds on Asian Government Bonds

Inoguchi, Masahiro - 2014

Asia. Because the sizes of the government bond markets are larger than those of the corporate bond markets in East Asia …

Persistent link: https://www.econbiz.de/10013060911

United States Economic Policy Toward Asia

Noland, Marcus - Volkswirtschaftliche Fakultät, … - 2009

The relationship between the US and Asia will be the single biggest determinant in the evolution of the global economic … regional blocs. Asia holds the key, combining both dissatisfaction with existing global arrangements with the resources to … reconstitute, at least at the regional level, an alternative set of institutions and practices. How Asia responds will partly …

Persistent link: https://www.econbiz.de/10005025699

Manias, Panics, and Crashes : A History of Financial Crises

Aliber, Robert Z.; Kindleberger, Charles Poor; … - 2023 - 8th ed. 2023.

1: Financial Crises: a Hardy Perennial -- 2: The Anatomy of a Typical Crisis.-3: Speculative Manias -- 4: Fueling the Flames: the Expansion of Credit -- 5: The Critical Stage – When the Bubble Is About To Pop -- 6: Bernie Madoff: Frauds, Swindles, and the Credit Cycle -- 7: Domestic Contagion:...

Persistent link: https://www.econbiz.de/10014226709

International risk-sharing and the transmission of productivity shocks

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004

A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

Persistent link: https://www.econbiz.de/10009636531

The international monetary (non-)order and the "global capital flows paradoxʺ

Bibow, Jörg (contributor) - 2008

This paper sets out to investigate the forces behind the so-called global capital flows paradoxʺ and related dollar glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...

Persistent link: https://www.econbiz.de/10003727283

Macroeconomic imbalances in the United States and their impact on the international financial system

Perelstein, Julia S. (contributor) - 2009

The argument put forward in this paper is twofold: first, that the financial crisis of 2007/08 was made global by the U.S. current account deficit. This is because the outflow of dollars from the United States was invested in U.S. capital markets, causing inflation in asset markets and leading...

Persistent link: https://www.econbiz.de/10003807721

Background considerations to a regulation of the US financial system : third time a charm? Or strike three?

Kregel, Jan A. - 2009

U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However, the gradual shift away from Glass-Steagall and the introduction of the Financial Modernization Act (FMA) generated a disorderly mix of functions and products across institutions,...

Persistent link: https://www.econbiz.de/10003859805

The Triffin dilemma again

Campanella, Edoardo - 2009

Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double role of national and international currency. This is what I call the Triffin dilemma, an ever green concept in international finance. In the paper I show how it works through...

Persistent link: https://www.econbiz.de/10003905051

The political economy of a managed float : special interests, monetary authorities, and regime choice

Lim, Jamus Jerome - 2010

With heterogeneous productivity and sticky prices in the short run, exchange rate changes can generate real effects on agents in the economy; the result is that the currency regime becomes a policy variable amenable to political competition. This paper discusses how special interests and...

Persistent link: https://www.econbiz.de/10008698375

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