Banks and Monetary Shocks in Emerging Markets : How Far Can We Go with the "Credit View"? /
This paper examines the propagation of monetary shocks in a two-good optimizing macromodel where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market economies. The model develops the Bernanke-Blinder 'credit vie...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2000.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2000/068 |
| Accesso online: | Full text available on IMF |