Essays in international macroeconomics and monetary policy [Elektronische Ressource] / vorgelegt von Qianying Chen

Essays in InternationalMacroeconomics and MonetaryPolicyInaugural-Dissertationzur Erlangung des Doktorgradesdes Fachbereichs Wirtschaftswissenschaftender Johann Wolfgang Goethe-Universit?tFrankfurt am Mainvorgelegt vonQianying Chenaus Hong KongOctober 2010List of Original Working Papers1. On the E⁄ects of Monetary Policy Shocks on ExchangeRates-Co-authored by Michael Binder and Xuan Zhang,in CESifo Working Paper Series 3162, CESifo Group Munich.2. ExchangeRateDynamics,Expectations,andMonetaryPol-icy Fundamentals3. InternationalTransmissionofBankandCorporateDistress-Co-authored by Dale Gray, Papa N Diaye, Hiroko Oura and Natalia Tamirisa,in IMF Working Papers 10/124, International Monetary Fund.4. Monetary Policy and the Interest Rate Channel in China-Co-authored by Stefan GerlachiiAbstractThis thesis consists of four chapters. Each chapter covers a topic in international macro-economics and monetary policy. The ?rst chapter investigates the impact of unexpectedmonetary policy shocks on exchange rates in a multi-country econometric model. The sec-ond chapter examines the linkage between macroeconomic fundamentals and exchange ratesthrough the monetary policy expectation channel. The third chapter focuses on the interna-tional transmission of bank and corporate distress.