| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083848 | International Review of Economics & Finance | 2013 | 16 Pages |
Abstract
⺠Financial integration under inefficient use of monetary policy may reduce welfare. ⺠The reason is that integration may cause excessive terms of trade adjustment. ⺠This explains why developing countries may attempt to stabilize the exchange rate. ⺠Financial integration under efficient inflation targeting is always beneficial. ⺠This explains why developed countries experience deeper financial integration.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ke Pang,