Monetary Transmission : Are Emerging Market and Low Income Countries Different? /

We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-income countries. We find a robust link from shortterm policy and interbank rates to lo...

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Autor principal: Bulir, Ales
Altres autors: Vlcek, Jan
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2015.
Col·lecció:IMF Working Papers; Working Paper ; No. 2015/239
Accés en línia:Full text available on IMF