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Global Transmission of Interest Rates
Jeffrey A. FrankelSergio L. SchmuklerLuis Servén
其他書名
Monetary Independence and the Currency Regime
出版World Bank Publications, 2000
URLhttp://books.google.com.hk/books?id=xfcJhizGiKEC&hl=&source=gbs_api
EBookSAMPLE
註釋Hikes in U.S. interest rates in 1999-2000 have started to spill over to other economies' interest rates, which in many countries have risen to reflect the higher U.S. rates. Are countries with flexible exchange rates better able to isolate their domestic interest rates from this type of negative international shock? Less and less so, as economies become more integrated.