Financial globalisation and monetary policy effectiveness

Abstract. In theory financial globalisation has an ambiguous effect on monetary policy effectiveness. On the one hand, exposure to global financial cycles ...

Financial globalisation and monetary policy effectiveness - CEPR

In theory, financial globalisation has ambiguous effects on monetary policy. It may dampen effectiveness, but it may also amplify it through ...

Financial Globalisation and Monetary Policy Effectiveness - SNB

“Trilemma, not Dilemma: Financial Globalisation and. Monetary Policy Effectiveness” (by J. Georgiadis and A. Mehl) by Sandra Eickmeier (Deutsche Bundesbank ...

Financial Globalisation and Monetary Policy Effectiveness - SNB

▻ reduced by "global financial cycle effects"? ▻ strengthened by "NFX exposure effects"? Which of the two effects has dominated since the 1990s?

Trilemma, Not Dilemma: Financial Globalisation and Monetary ...

We find that global financial cycles indeed reduce domestic monetary policy effectiveness in more financially integrated economies.

Trilemma, Not Dilemma: Financial Globalisation and Monetary ...

we determine the impact of financial globalisation on monetary policy effectiveness for non-euro area economies in Section 4.2, it is important to check ...

Financial globalisation and monetary policy effectiveness - EconPapers

By Georgios Georgiadis and Arnaud Mehl; Abstract: In theory financial globalisation has an ambiguous effect on monetary policy effectiveness ...

Financial globalisation and monetary independence

In addition to their impact on the path of expected short rates, monetary policy appears to also have a significant influence on term premia. This conclusion ...

Financial Globalization and Monetary Policy

With endogenous portfolios, monetary policy takes on new importance due to its impact on the distribution of returns on nominal assets.

Globalization and Monetary Policy - Federal Reserve Board

At the broadest level, globalization influences the conduct of monetary policy through its powerful effects on the economic and financial ...

Does Globalization Weaken Monetary Policy? | NBER

"Even in the case of a very small open economy, monetary policy does not cease to be effective for domestic inflation control as a result of globalization," he ...

Globalisation and monetary policy - European Central Bank

A country that is a net borrower on international financial markets in US dollars will experience a negative wealth effect when US monetary ...

Financial Globalisation and Monetary Policy Effectiveness

Abstract. In theory financial globalisation has an ambiguous effect on monetary policy effectiveness. On the one hand, exposure to global financial cycles ...

Impact of Globalization on Monetary Policy

Second, as financial markets deepen, and as riskier parts of the global economy become securitized, aggregate measures of asset price volatility can rise even ...

Financial Globalization and Monetary Policy - Bank of Canada

They focus on the impact of nominal bonds on capital flows. An early fundamental contribution is Helpman and Razin (1978). The next section develops the open ...

Financial inclusion and monetary policy effectiveness: A sustainable ...

This study addresses this gap by taking developed and under-developed countries. The inflation rate is used as a proxy of monetary policy effectiveness as it ...

Challenges for Monetary Policy from Global Financial Cycles

Confirming the factor that we observed earlier: These results indicate that global financial conditions, indeed, have a significant impact on ...

Monetary policy independence in an era of financial globalization

A positive co-movement between the domestic policy rate and the foreign interest rate does not indicate lack of monetary policy independence but is an outcome ...

Trilemma, Not Dilemma: Financial Globalisation and Monetary ...

The Federal Reserve's approach to the Trilemma, as analyzed by Georgiadis and Mehl (2015) , suggests that financial globalization has amplified the ...

Financial globalisation and bank lending: The limits of domestic ...

The effectiveness of monetary policy in dictating banking activities is one of the keys to understanding how efficient monetary policy is in ...