Monetary Policy in Low Income Countries in the Face of the Global Crisis : The Case of Zambia /

We develop a DSGE model with a banking sector to analyze the impact of the financial crisis on Zambia and the role of the monetary policy response. We view the crisis as a combination of three related shocks: a worsening in the terms of the trade, an increase in the country's risk premium, and...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Benes, Jaromir
Weitere Verfasser: Berg, Andrew, Dao, Mai, Portillo, Rafael
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2012.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2012/094
Online Zugang:Full text available on IMF