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Monetary Policy in the Aftermath of Currency Crisis : The Case of Asia
Baig, Taimur - 1998
This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early...
Persistent link: https://www.econbiz.de/10014401509
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The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries
Ghosh, Atish R. - 2000
Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary...
Persistent link: https://www.econbiz.de/10014399883
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Can emerging market central banks bail out banks? : a cautionary tale from Latin America
Jácome, Luis Ignacio; Sedik, Tahsin Saadi; Townsend, Simon - 2011
Persistent link: https://www.econbiz.de/10009422255
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Can Emerging Market Central Banks Bail Out Banks? : A Cautionary Tale From Latin America
Jacome H., Luis I. - 2011
This paper investigates whether developing and emerging market countries can implement monetary policies similar to those used by advanced countries during the recent global crisis - injecting significant amounts of money into the financial system without facing major short-run adverse...
Persistent link: https://www.econbiz.de/10014412168
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External linkages and policy constraints in Saudi Arabia
Westelius, Niklas J. - 2013
Persistent link: https://www.econbiz.de/10009726530
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External Linkages and Policy Constraints in Saudi Arabia
Westelius, Niklas - 2013
developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … developing Asia’s growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the … non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia …
Persistent link: https://www.econbiz.de/10014395361
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The transmission of external shocks in Asia : country characteristics and policy responses
Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021
Persistent link: https://www.econbiz.de/10012487199
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Incorporating financial sector risk into monetary policy models : application to Chile
Gray, Dale; García, Carlos José; Luna, Leonardo; … - 2011
Persistent link: https://www.econbiz.de/10009422610
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Incorporating Financial Sector Risk Into Monetary Policy Models : Application to Chile
Luna, Leonardo - 2011
This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the integrated model is whether or not the central bank should include explicitly the financial...
Persistent link: https://www.econbiz.de/10014398252
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Corporate funding and the COVID-19 crisis
Deghi, Andrea; Seneviratne, Dulani; Tsuruga, Tomohiro; … - 2021
This paper assesses whether corporate liquidity needs in the G7 economies were met during the containment phase of the COVID-19 pandemic (February-June 2020) using various approaches to identify credit supply shocks. The pandemic crisis adversely affected nonfinancial corporate sector cash...
Persistent link: https://www.econbiz.de/10012518978