Monetary policy and global spillovers: mechanisms, effects and policy measures
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Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Central Banks in emerging markets have been forced in the last decade to deal with spillovers from the crises in the United States and Europe and from the extraordinary measures respectively taken by the Federal Reserve and the European Central Bank. This volume provides a comprehensive study of the channels, mechanisms, and quantitative effects of spillovers from developed economies on emerging economies, as well as policy responses from policy makers in the latter. It collects seven papers by world-leading experts discussing the role of information, connectivity, the international financial network, sovereign bonds prices, capital flows and financial frictions.
Keywords
POLÍTICA MONETARIA, BANCOS CENTRALES, CRISIS FINANCIERA, ESTABILIDAD ECONÓMICA