Monetary Policy Transmission in the GCC Countries /

The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that the pass-through of policy rates to retail rates is on the low side, reflecting the shallo...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Prasad, Ananthakrishnan
مؤلفون آخرون: Espinoza, Raphael
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2012.
سلاسل:IMF Working Papers; Working Paper ; No. 2012/132
الوصول للمادة أونلاين:Full text available on IMF