Czech Republic; Selected Issues and Statistical Appendix

The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM), but the exchange rate channel is weak. The government has started addressing the institutional impediments constraining credit to domestic enterprises. Joining the European economic and monetary unit will strengthen the pass-through from policy rates to lending rates.

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Year of publication:	2004-01-09
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| Statistics \| exchange rate \| monetary policy \| exchange rate channel \| inflation \| national bank \| monetary fund \| effective exchange rate \| nominal effective exchange rate \| exchange rate shock \| central bank \| foreign exchange \| monetary policy framework \| reserve requirements \| discount rate \| money market \| monetary targets \| monetary shocks \| transmission of monetary policy \| exchange rate changes \| monetary aggregate \| minimum reserve requirements \| exchange rate valuation \| exchange rates \| monetary transmission \| monetary survey \| treasury bonds \| exchange rate channels \| monetary policy transmission mechanism \| exchange rate volatility \| monetary economics \| monetary policy rule \| monetary shock \| official reserves \| current exchange rates \| exchange rate shocks \| tight monetary policy \| monetary union \| money demand \| exchange rate regime \| exchange rate movements \| exchange rate fluctuations \| real exchange rate \| currency basket \| monetary policy frameworks \| exchange rate developments \| exchange rate pass \| contractionary monetary policy \| monetary targeting

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/3 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591123