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...

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Bibliografiska uppgifter
Huvudupphovsman: Pagan, A. R.
Övriga upphovsmän: Catao, Luis, Laxton, Douglas
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2008.
Serie:IMF Working Papers; Working Paper ; No. 2008/191
Länkar:Full text available on IMF