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dc.contributor.advisorHeimonen, Kari
dc.contributor.authorDo, Linh
dc.date.accessioned2019-06-27T11:55:31Z
dc.date.available2019-06-27T11:55:31Z
dc.date.issued2019
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/64889
dc.description.abstractThis paper assesses the monetary policy spill-overs from the Advanced Market Econ-omies (AMEs) to the Emerging Market Economies (EMEs) by using linear regression models to estimate the association between the monthly changes in excess money supply in ten representative EMEs and the four largest AMEs which are the US, EMU, UK and Japan. The models estimated the different impacts of each AMEs on the EMEs and considered the role of unconventional monetary policy on the spill-overs. Moreo-ver, the economic-condition differences among the EMEs were also studied to analyze their heterogenous responses to shocks from the AMEs. We found that, there were significant spill-overs from the AMEs to EMEs, with the largest impact caused by the US, and the amplified effects from both QE and tapering events. Finally, countries with relatively lower financial development, financial openness and degree of exchange rate flexibility experienced larger monetary policy spill-over influences from the AMEs.en
dc.format.extent70
dc.language.isoen
dc.subject.othercapital flows
dc.subject.otherquantitative easing
dc.subject.othertapering
dc.subject.otheradvanced market economies
dc.subject.otheremerging market economies
dc.subject.otherfinancial development
dc.subject.otherfinancial openness
dc.subject.otherexchange rate regime
dc.titleMonetary policy spill-over from advanced market economies to emerging market economies
dc.identifier.urnURN:NBN:fi:jyu-201906273492
dc.type.ontasotMaster’s thesisen
dc.type.ontasotPro gradu -tutkielmafi
dc.contributor.tiedekuntaKauppakorkeakoulufi
dc.contributor.tiedekuntaSchool of Business and Economicsen
dc.contributor.laitosTaloustieteetfi
dc.contributor.laitosBusiness and Economicsen
dc.contributor.yliopistoJyväskylän yliopistofi
dc.contributor.yliopistoUniversity of Jyväskyläen
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineEconomicsen
dc.rights.copyrightJulkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.fi
dc.rights.copyrightThis publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.en
dc.contributor.oppiainekoodi2041
dc.subject.ysorahapolitiikka
dc.subject.ysomarkkinatalous
dc.subject.ysorahoitusmarkkinat
dc.subject.ysomonetary policy
dc.subject.ysomarket economy
dc.subject.ysofinancial markets


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