해외동향 | Financial Development, Growth, and Crisis: Is There a Trade-Off? | 한국금융연구원

[LHKOREA]

2018-04-10 일자 [제 18-26 호]

Financial Development, Growth, and Crisis: Is There a Trade-Off?
NBER (2018-04-10)

This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect-with one literature focusing on the effect of financial deep ..  more

Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs
CEPR (2018-04-10)

What determines the optimal monetary trade-off between internal objectives (inflation, and output gap) and external objectives (competitiveness and trade imbalances) when inefficient capital flows cause exchange rate mis ..  more

Globalization and the New Normal
IMF (2018-04-10)

This study expands the empirical specification of Cerra and Saxena (2008), and allows short-term output growth regimes to be determined by globalization. Relying on a non-linear dynamic panel representation, it reconcile ..  more

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