Series: IMF Working Papers
Author(s): Matteo Ghilardi , and Shanaka Peiris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2014
Keywords: Financial Frictions, capital inflows, banking, bank capital, Monetary Policy (Targets, Instruments, and Effects), International Policy Coordination and Transmission,
This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that...