With Global Financial Markets, How Much Control Do Countries Have Over Economic Policies?
By Selim Ali Elekdag and Gaston Gelos
Versions in عربي (Arabic), Français (French), Русский (Russian), and Español (Spanish)
The outlook for further interest-rate increases by the US Federal Reserve revives interest in a compelling question: In an increasingly integrated global financial system, how much control do countries outside of the US retain over their economic policies?