Abstract

June 01 2017 Comments by Don Hanna, on Financial Conditions Indexes and Monetary Policy in Asia Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2017 by the Earth Institute at Columbia University and the Massachusetts Institute of Technology2017Massachusetts Institute of Technology Asian Economic Papers (2017) 16 (2): 120–124. https://doi.org/10.1162/ASEP_a_00524 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments by Don Hanna, on Financial Conditions Indexes and Monetary Policy in Asia. Asian Economic Papers 2017; 16 (2): 120–124. doi: https://doi.org/10.1162/ASEP_a_00524 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Don Hanna: Because of the rise in the relative importance of capital flows and financial development across Asia in the run up to and following the 2008—09 global financial crisis (GFC) and the more recent deceleration in trade volumes relative to growth, monetary policy, with its closer link to capital flows and finance, has taken on more prominence. But the greater burden shouldered by monetary policy has also raised the question of what factors beyond simply inflation and growth should central banks use in calibrating monetary policy—or, more precisely, what transmission channels transmit monetary policy changes to the economy. From this concern has evolved work on financial conditions indexes (FCIs)—an effort to better measure the variety of channels through which monetary policy can affect an economy. Initially an effort to include the effects of exchange rate movements and money by the Bank of Canada and the Reserve Bank of New... You do not currently have access to this content.

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