Implications of Globalization for Monetary Policy High quality books
Implications of Globalization for Monetary Policy
By:Helmut Wagner
Published on 2001-11-01 by International Monetary Fund
This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes that are associated with the globalization process cause an increase in the uncertainty surrounding monetary policy. This includes an increase in uncertainty about how to interpret macroeconomic data/indicators and about the monetary transmission mechanism. On the other hand, by strengthening the process of global economic integration, globalization increases international competition, thereby forcing market players to make structural adjustments or reforms that change the conditions or constraints under which monetary policy is implemented.
This Book was ranked at 14 by Google Books for keyword Monetary.
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