Research progress of monetary policy and international capital flow in the post-financial crisis era

Huangyi Shi


after the financial crisis , Significant changes have taken place in the structure and shape of international capital flows . on the one hand , due to widespread implementation in developed countries with quantitative easing to Unconventional monetary policy represented by causes ultra-low interest rates , International Mobilitychasing Benefits mass flow to emerging market economies . on the other hand , Emerging Markets by the company issues bonds in developed countries such as dollars ,Transfer the monetary policy and financing conditions of developed economies to domestic . new The difficulty of financial regulation in market economies and the increased vulnerability of the economy , The independence of monetary policy is also subject to great challenges . in the review of the literature on the basis of , This article argues that a certain degree of capital control policy in the short term helps prevent the sudden jump in international capital. , Improve the overall stability of economies .


International capital flows ; Monetary policy independence ; Overflow effect ; Capital Controls ; Emerging market economies

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DOI: https://doi.org/10.18282/ff.v0i0.492


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