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~person:"Debrun, Xavier"
~person:"Espinoza, Raphael A."
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Debrun, Xavier
Espinoza, Raphael A.
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Monetary Policy Transmission in the GCC Countries
Prasad, Ananthakrishnan
;
Espinoza, Raphael A.
-
International Monetary Fund (IMF)
-
2012
reducing their freedom to run an
independent
monetary
policy
. This paper shows, however, that the pass-through of policy rates …
Persistent link: https://www.econbiz.de/10010878414
Saved in:
2
Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa
Debrun, Xavier
;
Pattillo, Catherine A.
;
Masson, Paul R.
-
International Monetary Fund (IMF)
-
2010
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities....
Persistent link: https://www.econbiz.de/10008560420
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