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Essays on Multiple Exchange Rate Systems

Avellan, Leopoldo Martin - 2005

This dissertation measures the impact of multiple exchange rate systems on economic performance and on net capital flows in developing countries. The literature on the effectiveness of capital controls has some problems. Two of them are that it often ignores the endogeneity of capital controls,...

Persistent link: https://www.econbiz.de/10009450945

Trade and Capital Flows: A Financial Frictions Perspective

Caballero, Ricardo J.; Antras, Pol - 2007

in a world with heterogeneous financial development, the classic conclusion does not hold. In particular, in less …

Persistent link: https://www.econbiz.de/10009431898

International Bank Lending Channel of Monetary Policy

Albrizio, Silvia; Choi, Sangyup; Furceri, Davide; Yoon, … - 2019

How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the …

Persistent link: https://www.econbiz.de/10012523683

Features. International bank lending channel of monetary policy

Albrizio, Silvia; Choi, Sangyup; Furceri, Davide; Yoon, … - 2020

Summary of Banco de España Working Paper no. 1938

Persistent link: https://www.econbiz.de/10012524757

Can the Policy Trilemma Be Exposited in the Mundell-Fleming Framework?

Boyer, Russell S. - 2006

There is a general recognition that there are deficiencies in the Mundell-Fleming model. Nonetheless, Rose [2000] has stated that Mundell was the first to exposit the Policy Trilemma, which identifies an intrinsic incompatibility among: high capital mobility, fixed exchange rates, and monetary...

Persistent link: https://www.econbiz.de/10009440668

Report on the Latin American Economy: second half of 2021: outlook, vulnerabilities and policy space

Banco de España. Departamento de Economía …

Artículo de revista ; The economic recovery in Latin America appears to have firmed in the second half of the year, having come to a halt in practically all the countries in Q2 owing to the unfavourable course of the pandemic. This has led in recent months to an across-the-board upward revision...

Persistent link: https://www.econbiz.de/10012745578

Turkey: macro-financial situation

Sánchez Pastor, Paula

Rationale. Turkey is identified annually as a material country for the Spanish and euro area banking systems. Moreover, Turkey and Spain are linked by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways....

Persistent link: https://www.econbiz.de/10013496657

Türkiye: macro-financial situation

Sánchez Pastor, Paula; Melgar Rozúa, Alejandro; Río …

Rationale Türkiye is identified annually as a material country for the Spanish and euro area banking systems. Moreover, both are linked to Türkiye by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways...

Persistent link: https://www.econbiz.de/10014442859

Dynamic effects of persistent shocks

Alloza, Mario; Gonzalo, Jesús; Sanz, Carlos

particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to … proyecciones locales estándar identifi can respuestas que incluyen un efecto debido a la persistencia del shock, mientras que las …

Persistent link: https://www.econbiz.de/10012523677

Foreign Exchange Market Interventions: New Empirical Views of Emerging Markets

Brause, Alexander F. - 2010

mit den Interventionserfahrungen von Emerging Markets. Geldpolitik in Emerging Markets zeichnet sich oftmals durch eine …

Persistent link: https://www.econbiz.de/10009433706