Global Transmission of Interest Rates: Monetary Independence and Currency Regime

By Jeffrey A. Frankel, S. Schmukler, L. Serven. 2000

399 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/044d1bfd72a7e7be40fe649dad0ec37a03b4cb86

Citations in the corpus

• Trilemmas and trade-offs: living with financial globalisation (2015, neutral): “Examples are Gertler and Karadi (2011), who focus on the franchise value of intermediaries as a limit to lending, and Bruno and Shin (2013), who emphasise the role of currency appreciation in strengthening unhedged borrowers’ balance sheets.”
• The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility (2004, neutral): “Before World War One, the UK interest rate is used as the central or base rate with which other Shambaugh (2004) and Frankel et al. (2000, 2002), the modern post-1970 period through the end of the twentieth century.”
• Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, neutral): “3 Henry (2006) argues that only when it fundamentally changes productivity growth through financial market development, could equity market liberalization policies have a long-term effect on investment and output growth.”
• ardl: Estimating autoregressive distributed lag and equilibrium correction models (2018, neutral): “The test statistic has the data, including the integration order of the variables.”
• Emerging Markets Instability : Do Sovereign Ratings Affect Country Risk and Stock Returns? (2002, neutral): “3 On a similar vein, Frankel, Schmukler, and Serven (2000) study the transmission of international interest rates to countries with different exchange rate regimes.”
• Financial Globalization: Gain and Pain for Developing Countries (2003, neutral): “As Frankel, Schmukler, and Serven (2002) show, the transmission from international rates to domestic rates seems to be one in the long run, particularly in the 1990s when countries have integrated.”