| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8828 |
| 来源ID | Working Paper 8828 |
| Global Transmission of Interest Rates: Monetary Independence and Currency Regime | |
| Jeffrey A. Frankel; Sergio L. Schmukler; Luis Serven | |
| 发表日期 | 2002-03-07 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Using a large sample of developing and industrialized economies during 1970-1999, this paper explores whether the choice of exchange rate regime affects the sensitivity of local interest rates to international interest rates. In most cases, we cannot reject full transmission of international interest rates in the long run, even for countries with floating regimes. Only large industrial countries can benefit, or choose to benefit, from independent monetary policy. However, short-run effects differ across regimes. Dynamic estimates show that interest rates of countries with more flexible regimes adjust more slowly to changes in international rates. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w8828 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566435 |
| 推荐引用方式 GB/T 7714 | Jeffrey A. Frankel,Sergio L. Schmukler,Luis Serven. Global Transmission of Interest Rates: Monetary Independence and Currency Regime. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8828.pdf（337KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
