Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions is popular PDF and ePub book, written by Mr.Robert Blotevogel in 2013-03-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions can be Read Online from any device for your convenience.
Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions Book PDF Summary
I propose a new approach to identifying exogenous monetary policy shocks in low-income countries with capital account restrictions. In the case of Mauritania, a domestic repatriation requirement is the key institutional characteristic that allows me to establish exogeneity. Unlike in advanced countries, I find no evidence for a statistically significant impact of exogenous monetary policy shocks on bank lending. Using a unique bank-level dataset on monthly balance sheets of six Mauritanian banks over the period 2006–11, I estimate structural vector autoregressions and two-stage least square panel models to demonstrate the ineffectiveness of monetary policy. Finally, I discuss how a reduction in banks’ loan concentration ratios and improvements in the liquidity management framework could make monetary stimuli more effective.
Detail Book of Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions PDF
- Author : Mr.Robert Blotevogel
- Release : 27 March 2013
- Publisher : International Monetary Fund
- ISBN : 9781484392119
- Genre : Business & Economics
- Total Page : 35 pages
- Language : English
- PDF File Size : 10,7 Mb
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