Global financial integration and monetary policy spillovers
نویسندگان
چکیده
Using de facto financial market integration estimated based on an international CAPM, this paper finds that while emerging markets can keep monetary autonomy under the trilemma constraint, advanced economies have limited due to tight in recent decades.
منابع مشابه
Financial integration, nominal rigidity, and monetary policy
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2021
ISSN: ['1873-7374', '0165-1765']
DOI: https://doi.org/10.1016/j.econlet.2021.109820