Stahn, Christina
Description
Product Description
The focus of this study is to identify similarities and differences of monetary policy in Korea, Indonesia, Malaysia, Chile, Arge
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ntina, and Mexico following diverging financial liberalization strategies. The evolution of monetary transmission channels, targets and instruments is examined in connection with the timing and sequencing of financial reforms. Money demand functions are analyzed with respect to stability, causality, and structural breaks. It is shown that the gradual (Asian) liberalization strategy affected monetary policy in a different way than the big-bang (Latin American) approach. Constraints on monetary management are imposed by complex monetary transmission channels changing in view of financial sector crises, alterations in exchange rate regimes, and the increasing globalization of financial markets.
About the Author
The Author: Christina Stahn was born in Bremen, Germany in 1969. She studied Economics and Business Administration at the University of Kiel, Germany. On concluding her studies, she worked at the Institute for Economic Policy at the University of Kiel, where her main research topics were Monetary Economics and Emerging Market Economies. Since 1997, she has been employed by the Landesbank Schleswig-Holstein Girozentrale, also in Kiel, working in their Press and Communication / Economics Division.
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