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...
| Автор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2010/191 |
| Онлайн доступ: | Full text available on IMF |