Facing the Global Financial Cycle : What Role for Policy.
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large deg...
| Формат: | Журнал |
|---|---|
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2021.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2021/034 |
| Online-ссылка: | Full text available on IMF |