Monetary and Financial Policies in Emerging Markets

Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
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Kosuke Aoki: Tokyo University
Nobuhiro Kiyotaki: Princeton University

Working Papers from Princeton University. Economics Department.

Abstract: In the past few decades, we have observed a significant process of international financial integration characterized by the rising importance of international financial flows and larger gross external assets and liabilities. To what extent does this international financial integration pose challenges for the conduct of monetary and financial policies in open economies, particularly for emerging market economies? How should government conduct policy during global financial booms and recessions?

Keywords: Monetary Policy; Financial Policy; International Financial Integreation (search for similar items in EconPapers)
JEL-codes: E52 F36 (search for similar items in EconPapers)
Date: 2016-04
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:pri:econom:2016-4

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