1. DSpace at Tribhuvan University Central Library (TUCL)
  2. ADB
  3. ADB Collections
Please use this identifier to cite or link to this item: https://elibrary.tucl.edu.np/handle/123456789/5092
Full metadata record
DC FieldValueLanguage
dc.contributor.authorADB; Choi, Woon Gyu; Kang, Taesu; Kim, Geun-Young; Lee, Byongju-
dc.date.accessioned2021-10-05T15:01:55Z-
dc.date.available2021-10-05T15:01:55Z-
dc.date.issued2017-12-
dc.identifier.isbnN/A-
dc.identifier.isbnN/A-
dc.identifier.issn23136537-
dc.identifier.issn23136545-
dc.identifier.urihttps://www.adb.org/publications/divergent-emerging-market-economy-monetary-policy-shocks-
dc.identifier.urihttps://elibrary.tucl.edu.np/handle/123456789/5092-
dc.descriptionThis paper investigates how the United States and domestic monetary policy rates affect macroeconomic conditions in emerging market economies. Building on attempts to gauge the impact policy changes in advanced economies have on emerging economies, this paper investigates how the United States (US) and domestic monetary policy rates affect macroeconomic conditions in emerging market economies (EMEs). Findings indicate that the impact of US policy rate hikes outstrips the effects associated with domestic rate hikes in EMEs. When US monetary policy tightens, bond and equity markets in EMEs are prone to experiencing outflows. Results also show that bond flows are more sensitive to interest rate differentials than are equity flows. It is also found that the magnitude of the effects varies within the group of EMEs, with greater output variations in those EMEs with higher inflation. Consequently, domestic policy alone is not enough to counteract the effects of global policy shocks on capital flows in EMEs.-
dc.format.extent28-
dc.subject.otherEconomics-
dc.subject.otherFinance sector development-
dc.titleDivergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks-
local.publication.countryRegional - Asia and the Pacific-
Appears in Collections:ADB Collections

Files in This Item:
There are no files associated with this item.
Show simple item record


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.