Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work? /

This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows that responses to changes in the policy interest rate are gradual in the wholesale mar...

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Bibliographic Details
Main Author: Kovanen, Arto
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/275
Online Access:Full text available on IMF