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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2015/239 |
| Онлайн доступ: | Full text available on IMF |