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MONETARY TRANSMISSION MECHANISM IN LITHUANIA
"... All opinions expressed are those of the author and have not been endorsed by the Bank of Lithuania. I highly appreciate many valuable comments received from my colleagues: Raimondas Kuodis and Sigitas Šiaudinis, as well as Prof. David Mayes (Bank of Finland) and Iikka Korhonen (BOFIT). Any errors ar ..."
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All opinions expressed are those of the author and have not been endorsed by the Bank of Lithuania. I highly appreciate many valuable comments received from my colleagues: Raimondas Kuodis and Sigitas Šiaudinis, as well as Prof. David Mayes (Bank of Finland) and Iikka Korhonen (BOFIT). Any errors
BUBBLE THY NEIGHBOR PORTFOLIO EFFECTS AND EXTERNALITIES FROM CAPITAL CONTROLS
, 1456
"... In 2012 all ECB publications feature a motif taken from the €50 banknote. NOTE: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily refl ect those of the ECB. Acknowledgements The ..."
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The authors would like to thank Giovanni Dell’Ariccia, Marcos Chamon, Rex Ghosh, Anton Korinek, Iikka Korhonen, Helen Popper, Eswar Prasad, and seminar participants at the 2012 AEA Annual meetings, the Hong Kong Monetary Authority, the International Monetary Fund, Mainz University, Tilburg University
China’s Exchange Rate System after WTO Ascension: Some Considerations.” Bank of Finland Institute for Economies in Transition
, 2001
"... China’s foreign exchange system currently combines a virtual peg to the US dollar with direct capital account controls. With accession to the World Trade Organisation, China’s capital control regime can be expected to lose its effectiveness in the face of accelerating liberalisation of trade and inv ..."
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with relaxed capital controls could be introduced. 1 This paper, prepared for the most part while working in the OECD’s Economics Department, benefits greatly from the comments of Charles Pigott at the OECD. Iikka Korhonen of BOFIT also provided valuable comments. 1 I.