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We assemble a novel dataset on transitions in central bank leadership in several countries, and study how monetary policy is conducted around those events. We find that policy is tighter both at the last meetings of departing governors and first meetings of incoming leaders. This finding cannot...
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of the U.S. central bank reducing its security purchases, had a sharp negative impact on emerging markets. India was … toward a financial crisis. This paper contends that India was adversely impacted because it had received large capital flows … rebalance away from emerging markets. In addition, India's macroeconomic conditions had weakened in prior years, which rendered …
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of the U.S. central bank reducing its security purchases, had a sharp negative impact on emerging markets. India was … toward a financial crisis. This paper contends that India was adversely impacted because it had received large capital flows … rebalance away from emerging markets. In addition, India's macroeconomic conditions had weakened in prior years, which rendered …
Persistent link: https://www.econbiz.de/10012972602
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