Financial openness, financial frictions and optimal monetary policy

Increasing financial integration challenges the optimality of inward-looking strategies for optimal monetary policy. Those issues are analyzed in an open economy where foreign net lending, and the current account, are determined by a collateral constraint. Durables represent collateral. The current...

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Bibliographic details
Volume: 35
Main Author: Faia, Ester
Iliopulos, Eleni
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2011
ELSEVIER
Elsevier
published in: Journal of economic dynamics & control Vol. 35; no. 11; pp. 1976 - 1996
Data of publication: 2011
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Subjects:
E52
F1
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2011
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