Monetary Transmission in Low Income Countries /

This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect competition...

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Bibliographic Details
Main Author: Montiel, Peter
Other Authors: Mishra, Prachi, Spilimbergo, Antonio
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/223
Online Access:Full text available on IMF