Spillovers from US monetary policy entail spillbacks to the domestic economy. Applying
counterfactual analyses in a Bayesian proxy structural vector-autoregressive model we find …

How does emerging markets'(EMs) monetary policy respond to global financial risk (GFR)
shocks? Despite the broad literature focusing on EM monetary policy dynamics, the existing …

A well-documented literature exists on the impact of global oil shocks on small open
economies (SOEs). However, it still disregards the international financial (uncertainty) …

We identify and compare three channels through which the adjustment of US monetary
policy spills over into China, including trade, exchange rate, and financial channels. A proxy …

The global financial crisis and the recourse to unconventional monetary policy measures it
entailed have created renewed interest in the international dimension of monetary policy …

Using an agent-based model, we investigate how interest rates affects banks' risk-taking in
terms of the profile of their lending to real sector firms. Our agent-based model considers five …

This study examined the risk connectedness and its asymmetry between oil, gold, and
foreign exchange under the realized volatility, spillover index framework, and high …

This paper empirically examines the macroeconomic effects of exchange rate movements
and their transmission mechanisms (trade and financial channels) in Mongolia, a net debtor …

At the onset of the COVID-19 economic crisis, as in other crisis episodes, we observed a
rapid appreciation of “safe haven” currencies. We quantify currency-induced balance sheet …

This paper investigates macroprudential policy effects on bank systemic risk and the role of
inflation targeting in such effects. Using bank-level data for 45 countries comprising various …