Global financial integration and monetary policy spillovers

被引：1
|
作者：
Lee, Dongwon [1 ]
机构：
[1] Univ Calif Riverside, Dept Econ, Riverside, CA 92521 USA
来源：
ECONOMICS LETTERS | 2021年 / 202卷
关键词：
Global financial integration; Interest rate pass-through; Monetary autonomy; Open-economy policy trilemma;
D O I：
10.1016/j.econlet.2021.109820
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 autonomy due to tight financial integration in recent decades. (c) 2021 Elsevier B.V. All rights reserved.
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页数：6
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