In this paper we investigate how monetary policy in advanced economies affects financial
conditions in emerging market economies (EMEs). We find evidence for the working of …

Central banks in emerging and developing economies (EMDEs) have been modernizing
their monetary policy frameworks, often moving toward inflation targeting (IT). However …

I appreciate this opportunity to offer a few thoughts on the effects of advanced economy
monetary policies on emerging market economies (EMEs)—an issue of great importance for …

Financial conditions in the emerging markets (EMs) have become more dependent on
the'world'long-term interest rate, which has been driven down by monetary policies in the …

In theory financial globalisation has an ambiguous effect on monetary policy effectiveness.
On the one hand, exposure to global financial cycles dampens the output effect of a …

We study the international transmission of the monetary policy of the two world's giants:
China and the US. From East to West, the channels of global transmission differ markedly …

This paper reviews the role of long-term interest rates in international monetary transmission
and related policy challenges in the wake of exceptionally easy US monetary policy. It …

This paper examinesthe monetary policy transmission mechanism in four systemically
important economies. The impact of monetary policy is found to be broadly comparable for …

To conduct monetary policy effectively, central banks need to understand the transmission of
monetary policy into financial markets. In this paper we investigate the effects of Japanese …