Hidden Bibliographic Details
| Other authors / contributors: | Peiris, Shanaka J. (Shanaka Jayanath), 1975- author.
International Monetary Fund. Asia and Pacific Department, issuing body.
International Monetary Fund. Research Department, issuing body.
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
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| ISBN: | 9781498377126
1498377122
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| Notes: | "August 2014"--Page 2 of pdf.
"Asia Pacific Department, Research Department and Strategy, Policy and Review Department"--Page 2 of pdf.
Includes bibliographical references (pages 28-30).
Online resource; title from pdf title page (IMF.org Web site, viewed on August 25, 2014).
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| Summary: | This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical macroprudential polices can help reduce macroeconomic volatility and enhance welfare. The results also demonstrate the importance of capital flows and financial stability for business cycle fluctuations as well as the role of supply side financial accelerator effects in the amplification and propagation of shocks. --Abstract.
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