1. Introduction. 2. Case Studies. 3. Direct Effects and International Spillover Effects on the Macroeconomy: Dynamic Panel GMM Analysis. 4. Direct Effects and International Spillover Effects on Financial Markets: Event Study Approach

On August 20, 2012, the Federal Reserve announced a third round of quantitative easing (QE3), and interest is mounting as to the significance and influence of this policy. This study analyzes the effects of US unconventional monetary policies implemented during the global financial crisis, such...

This paper reviews current development of the Asian Bond Markets Initiative (ABMI) and addresses the macroeconomic effects of credit guarantee schemes through the Credit Guarantee Investment Facility (CGIF) along with the ABMI. The findings from international macroeconomic simulations include...