Financial globalization and the implications for monetary and exchange rate policy [Elektronische Ressource] / vorgelegt von Julia Bersch

Financial globalization and theimplications for monetary andexchange rate policyInaugural-Dissertationzur Erlangung des GradesDoctor oeconomiae publicae (Dr. oec. publ.)an der Ludwig-Maximilians-Universität München2008vorgelegt vonJulia BerschReferent: Prof. Dr. Gerhard IllingKorreferentin: Prof. Graciela L. Kaminsky, PhDPromotionsabschlussberatung: 4. Februar 2009AcknowledgementsThe development and completion of this thesis would not have been possible withoutthe help and encouragement of numerous people. I would like to thank my supervisorGerhard Illing for his ongoing support. Also, I thank Graciela Kaminsky for giving methe opportunity to spend a year at the George Washington University and spuring myexcitement about international finance and applied economic work. I benefited verymuch from the joint work on financial globalization at the turn of the 20th century ofwhich chapter 4 is a part. I would also like to thank Dalia Marin who agreed to act asmy third examiner and who has supported me in many ways as my mentor within theLMU Mentoring Program.I especially thank Uli Klüh for the inspiring and challenging discussions on all ar-eas of economics. Chapter 2 is the result of our mutual enthusiasm for contradictionsbetween observed monetary and exchange rate policies and economic theory and wasmainly developed during my stay in Washington, DC.