How effective is monetary transmission in low-income countries? : a survey of the empirical evidence

Prachi Mishra and Peter Montiel

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the ""facts on the ground"" and ""methodological deficiencies"" interpretations of the absence of evidence for strong monetary transmission. We suspect that ""facts on the ground"" are an important part of the story. If this conjecture is correct, the stabilization challenge in developing countries is acute indeed, and identifying the means of enhan

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Year of publication:	2012
Authors:	Mishra, Prachi ; Montiel, Peter
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Geldpolitik \| Monetary policy \| Geldpolitische Transmission \| Monetary transmission \| Wechselkurs \| Exchange rate \| VAR-Modell \| VAR model

Extent:	Online-Ressource (PDF-Datei: 47 S., 1,089 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/143 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; II. Monetary transmission and the bank lending channel in developing countries; III. Empirical Methedology; IV. Sub-Saharan Africa; V. Transition economies in central and Eastern Europe (CEE); VI. Transition economies in central Asia (CEE); VII. The Middle East and North Africa (MENA); VIII. Asia-Pacific; IX. Latin America and the Caribbean; X. Summary and conclusions; Appendix: Institutional Quality, Bank Competition, and the Effectiveness of the Bank lending Channel; References; Tables; Table 1. Financial Environment Across Countries, Sub-Saharan Africa Table 2. Monetary Transmission in Sub-Saharan AfricaTable 3. Financial Environment Across Countries, Central and Eastern Europe; Table 4. Monetary Transmission in Central and Eastern Europe; Table 5. Financial Environment Across Countries, Central Asia; Table 6. Monetary Transmission in Central Asia; Table 7. Financial Environment Across Countries, Middle East and North Africa; Table 8. Monetary Transmission in the Middle East and North Africa; Table 9. Financial Environment Across Countries, Asia and Pacific; Table 10. Monetary Transmission in Asia and the Pacific Table 11. Financial Environment Across Countries, Latin America and the CaribbeanTable 12. Monetary Transmission in Latin America and the Caribbean Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-0406-4 ; 978-1-4755-4380-3 ; 978-1-4755-0406-4
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009618588