With Global Financial Markets, How Much Control Do Countries Have Over

Elekdag, Selim Ali, Gelos, Gaston, (2017), “With Global Financial Markets, How Much Control Do Countries Have Over “, iMF Blog, 6 Απριλίου

The outlook for further interest-rate increases by the US Federal Reserve revives interest in a compelling question: In an increasingly integrated global financial system, how much control do countries outside of the US retain over their economic policies? 

For policymakers around the world, the question is more than academic. Their concern:

Global events have such a large impact on financial markets that there’s little scope left to pursue their own objectives, such as full employment or low inflation.

Σχετικές Αναρτήσεις

• Claeys, Grégory, (2016), “What role for the financial markets in Europe?”, Bruegel, 16 Νοεμβρίου
• Beck, Thorsten, Carletti, Elena, Goldstein, Itay, (2016), “The current state and future challenges of financial regulation”, VoxEu, 22 Νοεμβρίου