Facing the Global Financial Cycle: What Role for Policy
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large de...
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2021
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| Series: | IMF Working Papers; Working Paper ;
No. 2021/034 |
| Subjects: |