Series: IMF Working Papers
Author(s): Shang-Jin Wei , and Irina Tytell
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2004
Keywords: Discipline effect, mood swings, deficit, financial globalization, foreign assets, and deficit,
Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies...