Financial Flows and the International Monetary System | Zendy

Passari Evgenia | Zendy; Rey Hélène | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Financial Flows and the International Monetary System

Author(s) -

Passari Evgenia,

Rey Hélène

Publication year - 2015

Publication title -

the economic journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 4.683

H-Index - 160

eISSN - 1468-0297

pISSN - 0013-0133

DOI - 10.1111/ecoj.12268

Subject(s) - leverage (statistics) , economics , monetary policy , international finance , monetary economics , asset (computer security) , interest rate , exchange rate , credit channel , finance , international economics , macroeconomics , inflation targeting , computer security , machine learning , computer science

We review the findings of the literature on the benefits of international financial flows and find that they are quantitatively elusive. We then present evidence on the existence of a global cycle in gross cross‐border flows, asset prices and leverage and discuss its impact on monetary policy autonomy across different exchange rate regimes. We focus in particular on the effect of US monetary policy shocks on the UK's financial conditions.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research