The Federal Reserve, the Emerging Markets, and Capital Controls: A High-Frequency Empirical Investigation

Material TypeArticleLanguageEnglish
TitleThe Federal Reserve, the Emerging Markets, and Capital Controls: A High-Frequency Empirical Investigation Author(S)SEBASTIAN EDWARDS (Author)
Abstract  In this paper, I use weekly data from seven emerging nations—four in Latin America and three in Asia—to investigate the extent to which changes in Fed policy interest rates have been transmitted into domestic short-term interest rates during the 2000s. The results suggest that there is indeed an interest rates “pass-through” from the Fed to emerging markets. However, the extent of transmission of interest rate shocks is different—in terms of impact ...Paginationp151–184
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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