Oyadeyi, Olajide - In: Cogent economics & finance 11 (2023) 1, pp. 1-29
in incentivizing central bank monetary policies from the monetary policy rate to the money market rates, lending rates … weakens the impact of monetary policy on the interest rate pass-through process, while the analysis of the asymmetric mean … analysis. Therefore, it is imperative that policymakers should account for financial development when designing monetary policy …