Poddar, Tushar; Goswami, Mangal; Sole, Juan; Icaza, … - International Monetary Fund (IMF) - 2006
This paper seeks to understand how interest rates are formed in Lebanon, by focusing on the pass-through from benchmark … dollarization. We find that international interest rates are an important element in the determination of interest rates in Lebanon …. In particular, the pass-through of global benchmark rates to interest rates on sovereign bonds is about 70 percent. The …