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Competitio

Vol. 7 No. 2 (2008)
PhD student papers

The Effect of Globalization on the Transmission of Monetary Policy

Published:
2008-12-15
DOI Linkhttps://doi.org/10.21845/comp/2008/2/9
Author
Balint Herczeg
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PDF (Hungarian)
Keywords
monetary transmission globalization
How To Cite
Selected Style: APA
Herczeg, B. (2008). The Effect of Globalization on the Transmission of Monetary Policy. Competitio, 7(2), 161-178. https://doi.org/10.21845/comp/2008/2/9
Abstract

Investigating how globalization and the new technological environment which drives and supports the integration process affect the monetary transmission mechanism, I find that the transmission mechanism is affected at every step, in a way which makes this complex linkage between economy and monetary policy even more unpredictable, strengthening the interest rate and wealth affects but weakening the credit channel and the exchange rate channel, if foreign exchange rate loans or carry trades are significant.

Journal of Economic Literature (JEL) Code: E44, E52, F42

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