Facing the Global Financial Cycle: What Role for Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Facing the Global Financial Cycle: What Role for Policy write by Nicoletta Batini. This book was released on 2021-02-12. Facing the Global Financial Cycle: What Role for Policy available in PDF, EPUB and Kindle. Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large degree of heterogeneity in the sensitivity of each country to this same global factor. We then evaluate whether this cross-country heterogeneity can be attributed to different policy choices, including measures of capital flow management, such as capital controls and macroprudential policies. In our main results, we show that higher levels of capital controls and macroprudential policies both dampen the sensitivity to the global factor. Furthermore, we show that countries’ monetary and exchange rate policies can also be successfully deployed. Overall, our results have implications that extend beyond the surge that preceded the 2008 global financial crisis, and that closely resonate in light of the financial disruptions that followed the COVID-19 pandemic.
Global Financial Crisis
Global Financial Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Crisis write by Dick K. Nanto. This book was released on 2009-12. Global Financial Crisis available in PDF, EPUB and Kindle. Contents: (1) The Issue and Role of Congress; (2) Two Indicators of the Severity of the Crisis: Growth and Trade; (3) Political and Foreign Policy Effects of the Crisis: (a) Effects on Political Leadership; Regimes; Perceived Countries of Influence; and Stability, Violence, and Terrorism: Political Leadership; Perceived Countries of Influence; Stability, Violence, and Terrorism; (b) Effects on Economic Philosophies, State Capitalism, and Protectionism: Economic Philosophies: State Capitalism; Trade Protectionism; (c) Effects on U.S. Leadership and Attitudes Toward the U.S.; (d) Effects on Supranational Financial and Economic Org.; (e) Effects on Poverty: (f) Budgetary Effects on Resources for Aid, Diplomacy, and Defense. Charts and tables.
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dealing with the Challenges of Macro Financial Linkages in Emerging Markets write by Otaviano Canuto. This book was released on 2013-10-29. Dealing with the Challenges of Macro Financial Linkages in Emerging Markets available in PDF, EPUB and Kindle. This book deals with the challenges of macro financial linkages in the emerging markets.
The Regulatory Responses to the Global Financial Crisis
The Regulatory Responses to the Global Financial Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Regulatory Responses to the Global Financial Crisis write by Mr.Stijn Claessens. This book was released on 2014-03-14. The Regulatory Responses to the Global Financial Crisis available in PDF, EPUB and Kindle. We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into regulations agents’ incentives so as to align them better with societies’ goals; and acknowledging that risks of crises will always remain, in part due to (unknown) unknowns – be they tipping points, fault lines, or spillovers. Corresponding to these three tenets, specific areas for further reforms are identified. Policy makers need to resist, however, fine-tuning regulations: a “do not harm” approach is often preferable. And as risks will remain, crisis management needs to be made an integral part of system design, not relegated to improvisation after the fact.
Lessons and Policy Implications from the Global Financial Crisis
Lessons and Policy Implications from the Global Financial Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Lessons and Policy Implications from the Global Financial Crisis write by Mr.Luc Laeven. This book was released on 2010-02-01. Lessons and Policy Implications from the Global Financial Crisis available in PDF, EPUB and Kindle. The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial institutions, the assessments of systemic risks and vulnerabilities, and the resolution of financial institutions. The global nature of the financial crisis has made clear that financially integrated markets, while offering many benefits, can also pose significant risks, with large real economic consequences. Deep reforms are therefore needed to the international financial architecture to safeguard the stability of an increasingly financially integrated world.
