Aspects of the Monetary Transmission Mechanism Under Exchange Rate Targeting : The Case of France /
This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are decomposed into external and domestic components, and a nonrecursive contemporaneous structure is used to identify the system. Innovations in the external component are found to have a...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1997/044 |
| Accés en línia: | Full text available on IMF |