International capital flow pressures

Linda Goldberg of the Federal Reserve of New York talks about her work with Signe Krogstrup on a combined exchange market pressure index, which they use to look at the importance of the global factor in international flows. The currency-depreciation effects for emerging markets of an occurrance-led money flow can be five times larger than comparable consequences for advanced economies.

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Topics:  Exchange rates Financial markets Global economy Monetary policy

Tags:  capital flows, depreciation, asset prices, global factor, exchange rates, safe havens

Linda Goldberg is a Senior Vice President at the Federal Reserve Bank of New York.

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CEPR Policy Research