Dallas Fed report calls for better understanding of global finance


Monetary policy-makers must pay heed to international financial flows, although more work in the area is needed, according to a report published by the Federal Reserve Bank of Dallas.

The annual report of the Dallas Fed's Globalization and Monetary Policy Institute sets out some of the threads researchers have been working on, including the impact of global finance on monetary policy transmission, the effect of global capital flows, and macroeconomic interdependence.

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