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...
| 主要作者: | |
|---|---|
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| 丛编: | IMF Working Papers; Working Paper ;
No. 1997/121 |
| 在线阅读: | Full text available on IMF |