Monetary Transmission: Are Emerging Market and Low Income Countries Different?
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Beteilige Person: Bulir, Ales (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2015
Schriftenreihe:IMF Working Papers: Working Paper No. 15 / 239
Links:http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
http://www.elibrary.imf.org/view/IMF001/22949-9781513554235/22949-9781513554235/22949-9781513554235.xml
Abstract: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 longer-term bond yields. Two policy implications emerge. First, the presence of well-developed secondary financial markets does not seem to affect transmission of short term rates along the yield curve. Second, the strength of the transmission mechanism seems to be affected by the choice of the monetary regime: countries with a credible inflation targeting regime seem to have "better behaved" yield curves than those with other monetary regimes
Umfang:1 Online-Ressource (37 p)
ISBN:1513554239
9781513554235