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Is monetary policy effective when credit is low? /

Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are not f...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Saizar, Carolina (Autor), Chalk, Nigel Andrew (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/288.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Saizar, Carolina,  |e author. 
245 1 0 |a Is monetary policy effective when credit is low? /  |c prepared by Ana Carolina Saizar and Nigel Chalk. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2008. 
300 |a 1 online resource (17 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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500 |a At head of title: Western Hemisphere Department. 
500 |a "December 2008." 
504 |a Includes bibliographical references (pages 12-14). 
520 |a Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels of credit and where investment and consumption are not financed by borrowing in local currency. This paper employs a Panel Vector Auto Regression approach to examine the empirical evidence in a broad sample of emerging market countries. The data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be unrelated to the level of credit and that, instead, the willingness to allow exchange rate flexibility is a far more important determining factor. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
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590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Monetary policy  |x Econometric models. 
650 0 |a Credit  |x Econometric models. 
650 0 |a Inflation (Finance)  |x Econometric models. 
650 6 |a Politique monétaire  |x Modèles économétriques. 
650 6 |a Crédit  |x Modèles économétriques. 
650 6 |a Inflation  |x Modèles économétriques. 
650 7 |a Credit  |x Econometric models  |2 fast 
650 7 |a Inflation (Finance)  |x Econometric models  |2 fast 
650 7 |a Monetary policy  |x Econometric models  |2 fast 
650 7 |a Geldpolitik.  |2 stw 
650 7 |a Wirkungsanalyse.  |2 stw 
650 7 |a Kreditkanal.  |2 stw 
700 1 |a Chalk, Nigel Andrew,  |e author. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department. 
758 |i has work:  |a Is monetary policy effective when credit is low? (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGppjcmCG7wq7trRBXRP6X  |4 https://id.oclc.org/worldcat/ontology/hasWork 
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830 0 |a IMF working paper ;  |v WP/08/288. 
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