The State’s Monetary Policy Efficiency under Globalization

Student: Kashin Anton

Faculty: Faculty of World Economy and International Affairs

Educational Programme: Bachelor

Year of Graduation: 2014

The research was devoted to study the impact of U.S. monetary policy on emerging countries.A number of facts were discovered during the research.First, the Mundell-Fleming constraint was emirically evidenced.Second, the hypotesis of the U.S. benefitting from being the issuer of world main reserve currency was rejected.Third, the hypotesis about the dependence of U.S. monetary policy impact on emerging markets from the interconnectedness between the two was not confirmed.Fourth, the same hypothesis was not overruled due to empirical evidence of Singapore real output being dependent on U.S. monetary policy more than any other tested country.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses