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The quest for global monetary policy coordination

Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - 2019

This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue...

Persistent link: https://www.econbiz.de/10011955414

Financial Crisis, Global Liquidity and Monetary Exit Strategies

Belke, Ansgar Hubertus - 2010

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off. Communicating about the exit strategy must be an integral part of the exit strategy. Price...

Persistent link: https://www.econbiz.de/10013142795

Debt and Financial Market Contagion

Hsiao, Cody Yu-Ling - 2020

We empirically investigate why financial crises spread from one country to another. For our analysis, we develop a new multiple-channel test of financial market contagion and construct indices of crisis-severity in equity markets in order to examine how the transmission of shocks across...

Persistent link: https://www.econbiz.de/10012856347

Regional and Inter-Regional Financial Integration : ASEM Equity Markets

Jaccob, Dina - 2014

The first Asia-Europe Meeting (ASEM) Summit in 1996 has provided the principal multilateral platform for interregional cooperation between the European and Asian countries. This book examines the equity market integration among 49 ASEM members both in EU and Asia, and to investigate whether such...

Persistent link: https://www.econbiz.de/10013049408

Systemic Risk and Financial Market Contagion : Banks and Sovereign Credit Markets in Eurozone

Bratis, Theodore D. - 2015

The global financial and the European debt crises categorized as Minsky's moments present the physical laboratory for studying contagion cross country and cross market. Our research based on the twin sovereign-banking crisis evolution of the euro debt crisis era, focuses on addressing the...

Persistent link: https://www.econbiz.de/10013022898

Trade, trade finance, and global liquidity in Asia : Markov-Switching FAVAR approach

Brooks, Douglas Howard; Kurmanalieva, Elvira; Yang, Tu-yong - In: East Asian economic review 20 (2016) 3, pp. 339-363

abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This …

Persistent link: https://www.econbiz.de/10011765006

International Financial Integration and Stock Market in Developing Countries

Zaarour, Fatma; Ajimi, Adnene - 2021

Objective - This study examines the relation between stock market capitalization and international financial integration for 23 developing countries during 1996 - 2018.Methodology/Technique - By using recently developed econometric panel techniques. The present paper takes into consideration...

Persistent link: https://www.econbiz.de/10014361660

The IMF and precautionary lending : an empirical evaluation of the selectivity and effectiveness of the flexible credit line

Essers, Dennis; Ide, Stefaan - 2017

This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending instrument since 2009 to which so far only three emerging market economies have subscribed: Mexico, Colombia and Poland. We consider both questions of selectivity and...

Persistent link: https://www.econbiz.de/10011665227

Anti-corruption agenda of the G20: bringing order without law

Goyal, Tanu M. - 2020

countries of the world. Over the years, the G20 agenda has evolved to include pertinent issues for both developed countries and …

Persistent link: https://www.econbiz.de/10012308405

The economics of international competition policy : new challenges in the light of digitization?

Budzinski, Oliver - 2020

providing a cooperative forum for (mostly national) competition authorities from all around the world. In the absence of binding …-based competition strategies partly differ from traditional standard economics and are still being developed in the academic world … divergence with respect of how to deal with innovative pro- and anticompetitive conduct in the digital world. This essay …

Persistent link: https://www.econbiz.de/10012145335