Monetary policy responses to external spillovers in emerging market economies

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dc.contributor.authorDevereux, Michael B.
dc.contributor.authorYu, Changhua
dc.coverage.spatialESTADOS UNIDOSes_ES
dc.date.accessioned2019-11-01T00:08:11Z
dc.date.available2019-11-01T00:08:11Z
dc.date.issued2018
dc.descriptionDespite the remarkable progress made in many emerging and middle-income economies over the last few decades the continuing liberalization in financial markets and the integration into the global financial system these countries remain highly vulnerable to real and financial shocks coming from the U.S. and other advanced economies. Particularly in the aftermath of the financial crisis emerging economies have been subject to rapid buildups and reversals of international capital flows and large real exchange rate fluctuations. This experience is partially responsible for a new debate on the relevance of the open economy policy ‘trilemma’ as applied to emerging market economies (Rey 2013 2015).
dc.file.nameBCCh-sbc-v25-p183_223
dc.format.pdf
dc.format.extentSecciĂłn o Parte de un Documento
dc.format.mediump. 183-223
dc.identifier.isbn978-956-7421-58-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3861
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 25
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectMERCADO FINANCIEROes_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.titleMonetary policy responses to external spillovers in emerging market economies
dc.type.docArtĂ­culo

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