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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| Format: | Book |
| Language: | English |
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Frankfurt am Main :
Deutsche Bundesbank,
2008
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| Series: | Discussion paper (Deutsche Bundesbank). Series 1: economic studies
no. 20/2008 |
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| Online Access: | http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2008/2008_11_04_dkp_20.pdf?__blob=publicationFile |