Monetary Transmission of Global Imbalances in Asian Countries:
The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to domestic...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/214 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy coordination for global rebalancing |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1455205451 9781455205455 |
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spelling | Lee, Il Houng Verfasser aut Monetary Transmission of Global Imbalances in Asian Countries Lee, Il Houng Washington, D.C International Monetary Fund 2010 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/214 The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy coordination for global rebalancing Online-Ausg Choi, Woon Gyu Sonstige oth http://elibrary.imf.org/view/IMF001/11286-9781455205455/11286-9781455205455/11286-9781455205455.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lee, Il Houng Monetary Transmission of Global Imbalances in Asian Countries |
title | Monetary Transmission of Global Imbalances in Asian Countries |
title_auth | Monetary Transmission of Global Imbalances in Asian Countries |
title_exact_search | Monetary Transmission of Global Imbalances in Asian Countries |
title_exact_search_txtP | Monetary Transmission of Global Imbalances in Asian Countries |
title_full | Monetary Transmission of Global Imbalances in Asian Countries Lee, Il Houng |
title_fullStr | Monetary Transmission of Global Imbalances in Asian Countries Lee, Il Houng |
title_full_unstemmed | Monetary Transmission of Global Imbalances in Asian Countries Lee, Il Houng |
title_short | Monetary Transmission of Global Imbalances in Asian Countries |
title_sort | monetary transmission of global imbalances in asian countries |
url | http://elibrary.imf.org/view/IMF001/11286-9781455205455/11286-9781455205455/11286-9781455205455.xml |
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