Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies is popular PDF and ePub book, written by Mr.Joseph E. Gagnon in 2017-03-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies can be Read Online from any device for your convenience.
Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies Book PDF Summary
This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect through the stock of central bank assets. Domestic asset purchases have an effect on current accounts only when capital mobility is low. We also find that rising US bond yields drive foreign yields, stock prices and depreciations, but less so on days of policy announcements. We develop a theoretical model that is broadly consistent with our results.
Detail Book of Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies PDF
- Author : Mr.Joseph E. Gagnon
- Release : 13 March 2017
- Publisher : International Monetary Fund
- ISBN : 9781475586978
- Genre : Business & Economics
- Total Page : 52 pages
- Language : English
- PDF File Size : 13,7 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies by Mr.Joseph E. Gagnon, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.