The Effective Lower Bound for the Policy Rate in Euroized Economies-An Application to the Case of Albania /
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower bound in small, open, and euroized economies. The paper introduces a stylized monitoring tool to assess the unintended consequences of low policy rates. The paper is the first attempt t...
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| 其他作者: | , , |
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2018.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2018/055 |
| 在线阅读: | Full text available on IMF |