The Global Effects of US Monetary Policy
an inquiry into the spillovers of federal reserve policies on emerging market economies
| LEADER | dam a22 2 4500 | ||
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| 008 | 180926s2018 sz om 00 eng d | ||
| 035 | |a (IDSSG)001020193 | ||
| 040 | |a SzZuIDS HSG |b ger |e rda | ||
| 082 | 1 | |a 330 | |
| 091 | |a 15605256101 |b edok | ||
| 100 | 1 | |a Zimmermann |D Simon |e Verfasser |4 aut | |
| 245 | 1 | 4 | |a The Global Effects of US Monetary Policy |b an inquiry into the spillovers of federal reserve policies on emerging market economies |c Simon Zimmermann |
| 246 | 1 | 3 | |a Die globalen Auswirkungen der US Geldpolitik |b eine Untersuchung von Spillover-Effekten von geldpolitischen Massnahmen der Federal Reserve auf Emerging Market Economies |
| 264 | 1 | |a St. Gallen |c 2018 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |a Text |b txt |2 rdacontent/ger | ||
| 337 | |a Computermedien |b c |2 rdamedia/ger | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier/ger | ||
| 490 | 0 | |a Bachelor-Arbeit / Universität St. Gallen | |
| 502 | |b Bachelorarbeit |c Universität St. Gallen |d 2018 | ||
| 520 | 3 | |a Over the past few decades, the world has witnessed a strongly increasing trend toward global economic and financial integration. This phenomenon has raised the question -- if central banks in today's integrated world economy are still able to conduct an optimal monetary policy for their countries and if global interconnectedness can cause detrimental monetary spillovers from large, advanced economies such as the United States (US) on emerging market economies (EMEs) and advanced small open economies. This paper contributes to the broad literature on scrutinizing monetary policy spillovers from the US on EMEs. In an empirical analysis of spillovers to the "Fragile Five" economies Brazil, India, Indonesia, Turkey, and South Africa over almost two decades, I find compelling evidence for the existence of significant US monetary spillovers. Policy implications include domestic measures such as macroprudential regulation or capital controls. On the international level, closure cooperation between central banks to internalize spillovers would also contribute to improving global financial stability. Due to potential conflicts with domestic mandates of central banks, however, such cross-country cooperation measures may not be politically feasible in the short-term. | |
| 610 | 2 | 7 | |a Federal Reserve System |0 (DE-588)16143509-9 |2 gnd |
| 650 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd | |
| 650 | 7 | |a Spill-over-Effekt |0 (DE-588)4225795-5 |2 gnd | |
| 651 | 7 | |a Entwicklungsländer |0 (DE-588)4014954-7 |2 gnd | |
| 653 | |a Monetary Policy; Spillover Effects; Emerging Markets; Federal Reserve | ||
| 653 | |a Spillover Effekte | ||
| 655 | 7 | |a Hochschulschrift |2 gnd-content | |
| 700 | 1 | |a Cozzi |D Guido |d 1964- |0 (DE-588)171715578 |e Akademischer Betreuer |4 dgs | |
| 856 | 4 | |u http://www1.unisg.ch/org/biblio/edoc.nsf/SysLkpByIdentifier/15605256101/$FILE/15605256101.pdf |z Volltext für Angehörige der Universität St. Gallen | |
| 898 | |a BK020353 |b XK020053 |c XK020000 | ||
| 950 | |B IDSSG |P 100 |E 1- |a Zimmermann |D Simon |e Verfasser |4 aut | ||
| 950 | |B IDSSG |P 490 |E 0- |a Bachelor-Arbeit / Universität St. Gallen | ||
| 950 | |B IDSSG |P 700 |E 1- |a Cozzi |D Guido |d 1964- |0 (DE-588)171715578 |e Akademischer Betreuer |4 dgs | ||
| 950 | |B IDSSG |P 856 |E 4- |u http://www1.unisg.ch/org/biblio/edoc.nsf/SysLkpByIdentifier/15605256101/$FILE/15605256101.pdf |z Volltext für Angehörige der Universität St. Gallen | ||