Financial Globalization and Monetary Policy

Financial Globalization and Monetary Policy
What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings?. This paper is concerned with the effects of monetary policy under endogenous international portfolio choice and incomplete markets. With endogenous portfolios,... READ MORE...

Publication date: December 2007
ISBN 9781451868425
$18.00

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