A Macro Model of the Credit Channel in a Currency Union Member : The Case of Benin /
This paper applies and extends a theoretical model built by Agenor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed exchange rate. The model is applied to Benin, a member of a currency union, using a general...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2010.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2010/191 |
| Acesso em linha: | Full text available on IMF |