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We document recent developments in the use of sterilisation bonds by six central banks in emerging Asia, and discuss the implications for monetary policy and the financial sector. An important development in the sterilisation of foreign exchange interventions in past years has been the frequent...
Persistent link: https://www.econbiz.de/10010611609
of correlations in business cycle movements as reflecting some form of coupling or decoupling and, instead, suggests that …
Persistent link: https://www.econbiz.de/10010568516
LIBOR rate and positively related to the synthetic USD-EUR rate during the "decoupling" stage of the crisis. Even with the …
Persistent link: https://www.econbiz.de/10008553049
consistent with the decoupling hypothesis. By contrast, however, the current financial crisis has had a significant effect on …
Persistent link: https://www.econbiz.de/10005082495