Does Financial Globalization Induce Better Macroeconomic Policies? /
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies (the "discipline effect"). The empirical tests have two innovations. First,...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2004/084 |
| Acesso em linha: | Full text available on IMF |