The Federal Reserve's monetary policy holds implications not just for the United States but for the global economic architecture. Central bankers abroad must respond to American monetary activities by deploying their own resources as a means to achieve their distinctive policy objectives. Writing for the Federal Reserve Board, economists Bora Durdu, Alex Martin and Ilknur Zer examine the role of US monetary policy as it relates to financial stability in other nations. Financial professionals, economists and policy experts will appreciate the insightful analysis and comprehensive research contained in this authoritative report.
About the Authors
Bora Durdu, Alex Martin and Ilknur Zer are economists with the Federal Reserve Board.