The Monetary Transmission Mechanism In The Tropics
DOWNLOAD
Download The Monetary Transmission Mechanism In The Tropics PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Monetary Transmission Mechanism In The Tropics book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Monetary Transmission Mechanism In The Tropics
DOWNLOAD
Author : Mr.Andrew Berg
language : en
Publisher: International Monetary Fund
Release Date : 2013-09-20
The Monetary Transmission Mechanism In The Tropics written by Mr.Andrew Berg and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-20 with Business & Economics categories.
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary transmission in such countries. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find clear evidence of the transmission mechanism in most of the countries, and argue that deviations can be explained by differences in the policy regime in place.
Monetary Transmission In Low Income Countries
DOWNLOAD
Author : Ms.Prachi Mishra
language : en
Publisher: International Monetary Fund
Release Date : 2010-10-01
Monetary Transmission In Low Income Countries written by Ms.Prachi Mishra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-01 with Business & Economics categories.
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.
Electronic Money And The Monetary Transmission Process
DOWNLOAD
Author : Frank Hespeler
language : en
Publisher: Cuvillier Verlag
Release Date : 2008
Electronic Money And The Monetary Transmission Process written by Frank Hespeler and has been published by Cuvillier Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The Transmission Mechanism For Monetary Policy In Developing Countries
DOWNLOAD
Author : Mr.Peter Montiel
language : en
Publisher: International Monetary Fund
Release Date : 1990-05-01
The Transmission Mechanism For Monetary Policy In Developing Countries written by Mr.Peter Montiel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-05-01 with Business & Economics categories.
In many developing countries the financial system is characterized by the absence of organized markets for securities and equities, by capital controls, and by legal ceilings on bank borrowing and lending rates, a situation which gives rise to parallel markets for foreign exchange and informal loan markets. This paper analyzes how changes in monetary policy instruments (bank credit, administered interest rates, required reserve ratios, and intervention in the parallel exchange market) are transmitted to domestic aggregate demand in a financially-repressed economy. Such an analysis is necessary to understand how the move to a more market-oriented system would affect the economy in the short run.
Essays On The Monetary Transmission Mechanism
DOWNLOAD
Author : Jerry-Jeff Suk
language : en
Publisher:
Release Date : 2008
Essays On The Monetary Transmission Mechanism written by Jerry-Jeff Suk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The Monetary Transmission Mechanism In The Tropics
DOWNLOAD
Author : Mr.Andrew Berg
language : en
Publisher: International Monetary Fund
Release Date : 2013-09-20
The Monetary Transmission Mechanism In The Tropics written by Mr.Andrew Berg and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-20 with Business & Economics categories.
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary transmission in such countries. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find clear evidence of the transmission mechanism in most of the countries, and argue that deviations can be explained by differences in the policy regime in place.
Monetary Transmission In Diverse Economies
DOWNLOAD
Author : Lavan Mahadeva
language : en
Publisher: Cambridge University Press
Release Date : 2002-10-17
Monetary Transmission In Diverse Economies written by Lavan Mahadeva and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-17 with Business & Economics categories.
Monetary policy mistakes can cause serious economic damage. Central banks and their worldwide observers must strive to understand the transmission mechanism of monetary policy so that they know what monetary policy can do and what it should do to stabilize inflation and output--however imprecise that understanding may be. This volume sets out different aspects of the transmission mechanism, covering practical difficulties, as well as focusing on key areas such as the exchange rate and the monetary sector. The experiences of many countries are explained.
Monetary Transmission Mechanisms
DOWNLOAD
Author : Gleen A.. Khan
language : en
Publisher:
Release Date : 1998
Monetary Transmission Mechanisms written by Gleen A.. Khan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Monetary policy categories.
Monetary Policy Transmission In Emerging Markets And Developing Economies
DOWNLOAD
Author : Mr.Luis Brandao-Marques
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-21
Monetary Policy Transmission In Emerging Markets And Developing Economies written by Mr.Luis Brandao-Marques and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-21 with Business & Economics categories.
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
The Anatomy Of Monetary Policy Transmission In An Emerging Market
DOWNLOAD
Author : Kodjovi M. Eklou
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-07
The Anatomy Of Monetary Policy Transmission In An Emerging Market written by Kodjovi M. Eklou and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-07 with Business & Economics categories.
Monetary policy transmission in EMs has been found to be weak historically due to under-developed financial markets and heavy central bank intervention in FX markets that undermine the exchange rate channel. Against this background, this paper investigates the transmission of monetary policy, including the role of external factors, in Malaysia and highlight findings that could be relevant for other EMs. We find an important role for the credit and the exchange rate channels. Further, we also find a complementary role for policy tools including Foreign Exchange Intervention (FXI) and liquidity tools such as Statutory Reserve Requirement in shaping the transmission of monetary policy. We then explore the spillover effects of external global factors including global monetary policy and global commodity prices on monetary policy transmission in a small open economy such as Malaysia. The results show that while global commodity prices do not impair monetary policy transmission, global monetary policy tightening could complement domestic efforts to achieve price stability by inducing a global disinflation. Finally, monetary policy transmission is delayed and weakened in high inflationary environment, with the implication that more aggressive and preemptive policy actions may be needed in such cases.