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...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1997.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1997/121 |
| גישה מקוונת: | Full text available on IMF |