Financial Flows and the International Monetary System

Passari, E and Rey, H (2015) Financial Flows and the International Monetary System. Economic Journal, 125 (584). pp. 675-698. ISSN 0013-0133

Abstract

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.

More Details

Item Type: Article
Subject Areas: Economics
Date Deposited: 02 Mar 2016 18:51
Last Modified: 11 Dec 2024 03:09
URI: https://lbsresearch.london.edu/id/eprint/132
More

Export and Share


Download

Full text not available from this repository.

Statistics

Altmetrics
View details on Dimensions' website

Downloads from LBS Research Online

View details

Actions (login required)

Edit Item Edit Item