| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963582 | Journal of International Money and Finance | 2012 | 16 Pages |
Abstract
⺠The cost of monetary cooperation is addressed from the perspective of monetary policy effectiveness. ⺠Bank level data in East Asia is studied using a dynamic panel data model. ⺠Bank lending is directly linked to foreign liability holdings. ⺠Bank foreign liabilities weaken the credit channel of monetary policy. ⺠Giving up monetary autonomy is less costly when monetary policy is ineffective.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Xiaofen Chen,