Does Globalization Weaken Monetary Policy?

Financial globalization and monetary transmission - Auer

The main finding is that none of the analyzed forms of financial integration undermine the effectiveness of monetary policy in influencing ...

Financial Globalization and Bank Lending: The Limits of Domestic ...

We show that more favorable global funding conditions associated with a local currency appreciation encourage banks to increase lending, ...

Globalization, Inflation and Monetary Policy - IDEAS/RePEc

Central banks should not rely on the inflation-dampening effects of globalization to last indefinitely: Supply bottlenecks in energy and raw materials, a shift ...

Changes in the Global Economic Landscape and Issues for Japan's ...

years, in which some argue that Japan's competitiveness in the global market has weakened (Kiyota, Oikawa, and Yoshioka [2017]). These changes ...

Uncoordinated monetary policies risk a historic global slowdown | PIIE

Central banks nearly everywhere feel accused of being on the back foot. The present danger, however, is not so much that current and planned ...

The Threat of Globalization - Global Policy Forum

Another well-known and important antidemocratic force is the power of global financial markets to limit political options. Social democratic policies make for ...

Banking Globalization, Transmission, and Monetary Policy Autonomy

alternative, then global banks can weaken the trilemma rather than enhance it. The result is a prediction of heterogeneous effects of banking globalization ...

Monetary Policy and Its Asymmetric Transmission in a Globalized ...

... monetary policy shocks better, is larger. 16The response of exchange rates to Fed monetary policy shocks is also weaker under “rotational sign restrictions ...

Rethinking the Trade-offs for Monetary Policy in an Era of ... - SUERF

A sustained wave of globalization has led to deeper ties in the post-World War II period: The decision to terminate the convertibility of the ...

The Global Transmission of U.S. Monetary Policy

First, a US mon- etary policy tightening has large contractionary effects onto both advanced and emerging economies. Second, flexible exchange rates cannot ...

The Impact of Fiscal and Monetary Policies on the Real Sector under ...

The results demonstrate that globalization has significantly distorted the role of expansionary fiscal policy on the real sector. Further, the ...

Is Globalization Reducing the Ability of Central Banks to Control ...

Globalization influences inflation and the transmission channels of monetary policy in various ways. The effects of globalization on the ...

U.S. Monetary Policy and the Global Financial Cycle

US monetary policy shocks induce comovements in the international financial variables that characterize the “Global Financial Cycle.”

Is Globalization Reducing the Ability of Central Banks to ... - DIW Berlin

Starting from the 1980s, inflation has declined in many countries. Lower inflation might be partially caused by the greater success of monetary policy in ...

Does globalization weaken the power of the state? - Quora

The process of economic globalization forces the domestic economy to stay competitive; this has, from government's point of view, disadvantage ...

Does Globalization Promote Democracy?: An early assessment

Adhering to WTO rules would require the regime in Beijing to provide more transparent and accountable government and would strengthen the ...

How does U.S. monetary policy influence decisions of ... - YouTube

How does U.S. monetary policy influence decisions of foreign central banks? ; Personal Experiences and Financial Decision Making - Understanding ...

Does financial globalization contribute to financial development in ...

Financial globalization revealed a strong negative impact on financial development at a 1% significance level in the linear case. This finding ...

Banking Globalization, Transmission, and Monetary Policy Autonomy

In principal, if global banks with affiliates established in foreign markets can reduce frictions in international capital flows then the ...

Is Globalization Weakening the Inflation–Output Relationship?

This paper investigates whether trade and financial openness has weakened the inflation–output trade-off and caused a shift in the ...