Chen, Qianying, Andrew Filardo, Dong He and Feng Zhu, 2015: “Financial Crisis, US Unconventional Monetary Policy and International Spillovers”, BIS Working Paper 494. Davis, Scott and Ignacio Presno, 2015: “Capital Controls and Monetary Policy Autonomy in a Small Open Economy” presented at the conference “Divergent Monetary Policies, Global Capital flows and Financial Stability”, Hong Kong 15 October 2015.
Once we have finalized our deal, I hope in a matter of days, the deal makers should focus on all other countries as spill over effect is very large: a rumor regarding any bank in Serbia or Croation circulates in the region in matter of hours and could cause irreversible damages.