Monetary Transmission in Low Income Countries

Released on by Ms.Prachi Mishra
preview-18

  • Monetary Transmission in Low Income Countries Book Detail

  • Author : Ms.Prachi Mishra
  • Release Date : 2010-10-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1455208884
  • File Size : 95,95 MB
DOWNLOAD BOOK

Monetary Transmission in Low Income Countries by Ms.Prachi Mishra PDF Summary

Book Description: This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to private firms, the traditional channels (interest rate, bank lending, and asset price) are impaired in LICs. The exchange rate channel is also undermined by central bank intervention in the foreign exchange market. These conclusions are supported by review of the institutional frameworks, statistical analysis, and previous literature.

Disclaimer: www.yourbookbest.com does not own Monetary Transmission in Low Income Countries books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Monetary Transmission

Monetary Transmission

File Size : 89,89 MB
Total View : 3558 Views
DOWNLOAD

We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on gov

VAR meets DSGE

VAR meets DSGE

File Size : 75,75 MB
Total View : 6265 Views
DOWNLOAD

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via s