Monetary Transmission in an Emerging Targeter : The Case of Brazil /

This paper lays out a structural model that incorporates key features of monetary transmission in typical emerging-market economies, including a bank-credit channel and the role of external debt accumulation on country risk premia and exchange rate dynamics. We use an SVAR representation of the mode...

Полное описание

Библиографические подробности
Главный автор: Pagan, A. R.
Другие авторы: Catao, Luis, Laxton, Douglas
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2008.
Серии:IMF Working Papers; Working Paper ; No. 2008/191
Online-ссылка:Full text available on IMF