Monetary Policy Transmission in an Emerging Market Setting /

Some emerging economies have a relatively ineffective monetary policy transmission owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, small open economies can have a substantial monetary policy transmission through the ex...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Patnaik, Ila
مؤلفون آخرون: Bhattacharya, Rudrani, Shah, Ajay
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2011.
سلاسل:IMF Working Papers; Working Paper ; No. 2011/005
الوصول للمادة أونلاين:Full text available on IMF
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245 1 0 |a Monetary Policy Transmission in an Emerging Market Setting /  |c Ila Patnaik, Ajay Shah, Rudrani Bhattacharya. 
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300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Some emerging economies have a relatively ineffective monetary policy transmission owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, small open economies can have a substantial monetary policy transmission through the exchange rate channel. In order to understand this setting, we explore a unified treatment of monetary policy transmission and exchangerate pass-through. The results for an emerging market, India, suggest that the most effective mechanism through which monetary policy impacts inflation runs through the exchange rate. 
538 |a Mode of access: Internet 
700 1 |a Bhattacharya, Rudrani. 
700 1 |a Shah, Ajay. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/005 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/005/001.2011.issue-005-en.xml  |z IMF e-Library