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Supply shocks and monetary policy responses in emerging economies

Ocampo, José Antonio; Ojeda Joya, Jair Neftali - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-19

Supply shocks bring about important dilemmas for monetary policy in emerging economies. We compute monetary policy responses to supply shocks using quarterly data and a Bayesian panel VAR for 24 emerging economies during the period 2004-2019. In this framework, we identify supply shocks as...

Persistent link: https://www.econbiz.de/10014375465

The role of financial globalization in the long-run volatility between forex and stock markets during COVID-19 : evidence from Africa

Insaidoo, Michael; Brafu-Insaidoo, William Gabriel; … - In: Research in globalization 9 (2024), pp. 1-10

This study examines the long-run volatility between forex and stock markets and the role of financial globalization in … globalization reduces forex markets' volatility effects on stock markets' volatility, whilst it heightens stock markets' volatility … the need to harness the stabilising potential of financial globalization in the long-run volatility between forex and …

Persistent link: https://www.econbiz.de/10015361627

Central bank intervention in the inflation targeting

Krušković, Borivoje D. - In: Journal of central banking theory and practice 11 (2022) 1, pp. 67-85

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of empirical stud-ies in this paper show if there is a shock of the exchange rate, which would lead to depreciation of the exchange rate, a central bank may decide to mush instability on...

Persistent link: https://www.econbiz.de/10012805926

Gold as a factor of change in central bank reserves in periods of the financial markets turbulence : the case of Kazakhstan

Dodonov, Vyacheslav - In: Journal of central banking theory and practice 11 (2022) 2, pp. 209-224

world markets of the 2000s and changes in the National Bank's gross reserves, as well as the influence of the gold factor on …

Persistent link: https://www.econbiz.de/10013347137

Financial account determinants of exchange rate regime switching in developing countries

Dudzich, Viktar - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 36-59

The paper explores the interconnections between foreign capital flows and the exchange rate regime switching in developing countries. We formulate the exchange rate regime switching as annual time series of binary/ordered variables employing de facto classification of exchange rate arrangements...

Persistent link: https://www.econbiz.de/10014516267

Analyzing exchange market pressure dynamics with Markov regime switching : the case of Turkey

İlhan, Ali; Akdeniz, Coşkun; Özdemir, Metin - In: Organizations and markets in emerging economies 13 (2022) 1, pp. 238-259

This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model for the period from January 2006 to December 2019. Our findings show that there are two regimes in the foreign exchange market, characterized as low- and high-pressure periods....

Persistent link: https://www.econbiz.de/10013279667

"Where’s my swap line?" : a money view of international lender of last resort

Mehrling, Perry - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 559-574

The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier including those whose credit is sufficient for a swap line with the Fed, the second tier including those who can offer acceptable collateral to the Fed, and the third tier...

Persistent link: https://www.econbiz.de/10013447685

Frontier-market economies as a new group of the financial periphery : patterns and transmission channels of global shocks

Prates, Daniela Magalhães; Fritz, Barbara; Paula, Luiz … - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 282-298

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...

Persistent link: https://www.econbiz.de/10014433727

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …

Persistent link: https://www.econbiz.de/10012554536

The impact of financial globalization on output volatility : panel data evidence for Asian countries

Awan, Asma; Asghar, Nabila; Rehman, Hafeez Ur - In: Pakistan journal of commerce and social sciences 15 (2021) 1, pp. 213-239

This study is an endeavor to empirically examine the long run impact of financial globalization on output volatility in … for estimation purpose. The results of the study reveal that in overall Asia and Central Asia, financial globalization has … globalization is reported in the context of three sub-samples i.e. East Asia, South Asia and West Asia during reference period. The …

Persistent link: https://www.econbiz.de/10012507135