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An empirical analysis of current account determinants in emerging Asian economies
Yang, Lucun - 2011 - First Draft: February 2010, This Version: Feb 2011
-run impacts of initial stock of net foreign assets, degree of openness to international trade, real exchange rate and relative … are heterogeneous. Initial stock of net foreign assets and degree of openness to international trade are important factors … self-adjusting mechanism except China. Short-run current account adjustment towards long-run equilibrium path is gradual …
Persistent link: https://www.econbiz.de/10008986621
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Contagion and Spillovers: New Insights from the Crisis
Backé, Peter; Feldkircher, Martin; Gnan, Ernest; … - 2010
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011689946
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Contagion and spillovers : new insights from the crisis : a joint publication with the Austrian Society for Bank Research
Backé, Peter (ed.); Gnan, Ernest (ed.);  … - Contagion and Spillovers – New Insights from the …; … - 2010
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011706561
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The Effects of Foreign Shocks When Interest Rates are at Zero
Bodenstein, Martin; Erceg, Christopher J.; Guerrieri, Luca - 2016
relatively closed to trade such as the United States. Departing from many of the existing closed-economy models, the duration of … – consistent with “secular stagnation” – and trade openness is high …
Persistent link: https://www.econbiz.de/10014200926
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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 and unemployment in open economies
Engler, Philipp - 2011
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer (2010) found that the risk of unemployment negatively...
Persistent link: https://www.econbiz.de/10009405109
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Can Portugal escape stagnation without opting out from the Eurozone?
Leão, Pedro; Palacio Vera, Alfonso - 2011
The creation of the Economic and Monetary Union (EMU) has not brought significant gains to the Portuguese economy in terms of real convergence with wealthier eurozone countries. We analyze the causes of the underperformance of the Portuguese economy in the last decade, discuss its growth...
Persistent link: https://www.econbiz.de/10008933471
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How Effective are Capital Controls in Asia?
Gochoco‐Bautista, Maria Socorro - 2011
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type...
Persistent link: https://www.econbiz.de/10013128050
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The Macroeconomic Effects of Reserve Requirements
Glocker, Christian - 2012
Monetary authorities in emerging markets are often reluctant to raise interest rates when dealing with credit booms driven by capital inflows, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...
Persistent link: https://www.econbiz.de/10013108034
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Effectiveness of Capital Controls : Evidence from Thailand
Jongwanich, Juthathip - 2013
This paper examines the effectiveness of capital account policies in Thailand during the period 1993–2010. Our results show that policies toward capital account liberalization tend to be more effective than those toward capital account restriction in changing the volume of capital flows. The...
Persistent link: https://www.econbiz.de/10013088284