Global liquidity as a new trend in international capital flows -- Destination of Global Liquidity before the Global Financial Crisis: Role of Foreign Bank Presence and the EU Effect -- Global Liquidity and Reallocation of Domestic Credit -- Global Financial Crisis and Demand for the US Dollar as...

Chapter 1 Effects of Unconventional Monetary Policy and Inflation Target -- Chapter 2 Central Bank Independence under Changing Environment -- Chapter 3 Japanese Experiences in International Comparison -- Afterword.

This paper empirically analyzes India’s money demand function during the period of 1980 to 2007 using monthly data and the period of 1976 to 2007 using annual data. Cointegration test results indicated that when money supply is represented by M1 and M2, a cointegrating vector is detected...

In this paper, we investigate the spillover effect from US monetary policy to selected ASEAN stock markets by employing Markov-switching models. Based on univariate Markov-switching models, we confirm the existence of two distinct regimes for both US monetary policy and the stock markets. By...

This paper empirically analyzes India’s monetary policy reaction function by applying the Taylor (1993) rule and its open-economy version which employs dynamic OLS. The analysis uses monthly data from the period of April 1998 to December 2007. When the simple Taylor rule was estimated for...