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The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies

This paper explores the effect of U.S. unconventional monetary policy (QE2) on a group of frontier developing economies (FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative insulation of emerging Asia from the global financial cycle c...

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Bibliographic Details
Main Author: Rafiq, Sohrab
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Working Papers
Subjects:
Interest Rates
Finance
Short-term Capital Movements
Monetary Economics
Financial Services
Current Account Adjustment
Short Term Interest Rates
Fiscal Policy
Balance Of Payments
Open Economy Macroeconomics
Long-term Capital Movements
Exports And Imports
International Economics
Yield Curve
Unconventional Monetary Policies
Capital Flows
Banks And Banking
Current Account Balance
Monetary Policy
Interest Rates: Determination, Term Structure, And Effects
Capital Movements
Money And Monetary Policy
International Investment
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper explores the effect of U.S. unconventional monetary policy (QE2) on a group of frontier developing economies (FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative insulation of emerging Asia from the global financial cycle can likely be attributed to the presence of managed capital accounts coupled with shallow financial markets. Should U.S. monetary policy begin to normalize the direct first-round impact on developing Asia is likely to be small
Physical Description:30 pages
ISBN:9781498334037

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