Financial globalization and monetary policy /

Recent data show substantial increases in the size of gross external asset and liability positions. The implications of these developments for optimal conduct of monetary policy are analyzed in a standard open economy model which is augmented to allow for endogenous portfolio choice. The model shows...

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Bibliographic Details
Main Author: Devereux, Michael B.
Other Authors: Sutherland, Alan 1962-
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2008
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 20/2008
Subjects:
Online Access:http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2008/2008_11_04_dkp_20.pdf?__blob=publicationFile