Derivatives Effect on Monetary Policy Transmission /
This paper examines changes in the monetary policy transmission mechanism in the presence of derivatives markets. The effect of adding derivatives markets is analyzed independently for each of the main channels of monetary policy transmission: interest rates, credit, and exchange rates. Theoreticall...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1997/121 |
| On-line přístup: | Full text available on IMF |