Financial globalization and monetary policy /
Saved in:
| Author / Creator: | Devereux, Michael B., author. |
|---|---|
| Imprint: | [Washington, D.C.?] : International Monetary Fund, ©2007. |
| Description: | 1 online resource (32 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper, 2227-8885 ; WP/07/279 IMF working paper ; WP/07/279. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496266 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.07/279 | |
| 100 | 1 | |a Devereux, Michael B., |e author. |0 http://id.loc.gov/authorities/names/no93025469 | |
| 245 | 1 | 0 | |a Financial globalization and monetary policy / |c prepared by Michael B. Devereux and Alan Sutherland. |
| 260 | |a [Washington, D.C.?] : |b International Monetary Fund, |c ©2007. | ||
| 300 | |a 1 online resource (32 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/07/279 | |
| 504 | |a Includes bibliographical references (pages 31-32). | ||
| 520 | 3 | |a What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings? This paper is concerned with the effects of monetary policy under endogenous international portfolio choice and incomplete markets. With endogenous portfolios, monetary policy takes on new importance due to its impact on the distribution of returns on nominal assets. Surprisingly, we find an even stronger case for price stability in this environment. Even without nominal rigidities, price stability has a welfare benefit by enhancing the risk sharing capacity of nominal bond returns. | |
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. An Open Economy Macro Model; A. Consumers; B. Firms; C. Monetary Authorities; D. The Menu of Assets; E. Goods Market Clearing; F. Foreign Economy; III. Solving the Model; A. Asset Market Solution; B. Linear Approximation to the Rest of the Model; C. Construction of the Equilibrium Portfolios; IV. Equilibrium Portfolios Under Alternative Asset Market Configurations; A. Optimal Portfolios; B. The NB Economy; C. The NBE Economy; D. Portfolio Holdings and Monetary Policy; V. Risk-Sharing and Portfolio Holdings; VI. Capital Flows and Exchange Rate Volatility. | |
| 505 | 8 | |a A. Exchange Rate VolatilityB. Capital Flows; C. More General Parameter Values; VII. Conclusion; Appendix I; Reference. | |
| 546 | |a English. | ||
| 650 | 0 | |a Monetary policy |x Econometric models. | |
| 650 | 0 | |a International finance |x Econometric models. | |
| 650 | 0 | |a Globalization |x Econometric models. | |
| 650 | 0 | |a Prices |x Econometric models. | |
| 650 | 6 | |a Politique monétaire |x Modèles économétriques. | |
| 650 | 6 | |a Finances internationales |x Modèles économétriques. | |
| 650 | 6 | |a Mondialisation |x Modèles économétriques. | |
| 650 | 6 | |a Prix |x Modèles économétriques. | |
| 650 | 7 | |a International finance |x Econometric models. |2 fast |0 (OCoLC)fst00976950 | |
| 650 | 7 | |a Monetary policy |x Econometric models. |2 fast |0 (OCoLC)fst01025234 | |
| 650 | 7 | |a Prices |x Econometric models. |2 fast |0 (OCoLC)fst01076211 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Sutherland, Alan, |e author. |0 http://id.loc.gov/authorities/names/n91015866 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 776 | 0 | 8 | |i Print version: |a Devereux, Michael B. |t Financial globalization and monetary policy. |d [Washington, D.C.?] : International Monetary Fund, ©2007 |w (OCoLC)226911253 |
| 830 | 0 | |a IMF working paper ; |v WP/07/279. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2007/279/001.2007.issue-279-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 no.07/279 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2007/279/001.2007.issue-279-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12140289 | ||