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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

The Impact of Federal Reserve Bank (FRB) Monetary Policy on NIEs

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DOI: 10.25236/ssah.2018.031

Author(s)

Yi Sun

Corresponding Author

Yi Sun

Abstract

A few years ago when large-scale capital outflow occurred, NIEs countries always had large-scale international short-term capital inflows and their domestic capital markets prospered. This paper first describes the calculation method of international short-term capital inflows, and then makes descriptive statistics on the data of M2 / GDP in the United States from 1994 to 2015 with the flow of international short-term capital in NIEs countries. It is concluded that the FRB expansionary and tightening monetary policy is closely related to the massive inflows and outflows of the national capital in many NIEs countries.

Keywords

NIEs, the US M2/GDP, capital flow.