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The Effectiveness of Monetary Policy Transmission Under Capital Inflows.

The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia'...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Jain-Chandra, Sonali
Other Authors: Unsal, D. Filiz
Format: Electronic eBook
Language:Inglés
Published: Washington : International Monetary Fund, 2012.
Series:IMF Working Papers.
Subjects:
Online Access:Texto completo