
Capital Flows, Financial Intermediation and Macroprudential Policies »
Journal Issue
Volume/Issue: 2014/157
Series: IMF Working Papers
Author(s): Matteo Ghilardi , and Shanaka Peiris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2014
DOI: http://dx.doi.org/10.5089/9781498365659.001
ISBN: 9781498365659
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...