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...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2012.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2012/132 |
| Dostęp online: | Full text available on IMF |