Chapter 6 Financial Markets, Capital Mobility, and Monetary Policy
Financial Repression: Macroeconomic Effects
Financial Repression, the Inflation Tax, and Capital Controls
Financial Repression and Inflationary Finance
A General Public-Finance Approach
Capital Mobility: Empirical Evidence
The Magnitude of Gross Flows
Tests of Interest Parity Conditions
Tests of Monetary Autonomy
Saving-Investment Correlation
Summary
Models of Informal Credit and Foreign Exchange Markets
Models of Informal Credit Markets
Stagflationary Effects of Monetary Policy
Interest Rate Policy and Output
Models of Informal Currency Markets
Illegal Trade and Parallel Markets
Portfolio and Currency Substitution Models
Monetary Policy with Informal Financial Markets
The Analytical Framework
Changes in Monetary Policy Instruments Credit Expansion
Changes in the Administrated Interest Rate
Change in the Required Reserve Ratio
Intervention in the Parallel Foreign Exchange Market
A Simulation Model with Informal Financial Markets
Structure of the Model
Aggregate Supply
Aggregate Demand Disposible Income
Asset Accumulation and Financial Wealth
The Current Account and the Balance of Payments
The Banking System
Fiscal Deficits and Domestic Credit
Calibration of the Model
Effects of Stabilization Policies
Government Spending on Home Goods
Central Bank Credit to Commercial Banks
Increase in Lending Rates
Devaluation of the Official Exchange Rate
Скачать презентацию Chapter 6 Financial Markets Capital Mobility and Monetary
701104f4c63c70de0f474b5fe31e66b2.ppt