Monetary Policy Transmission and Financial Stability in a LIC is popular PDF and ePub book, written by Mr.Sohrab Rafiq in 2015-11-09, 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, Monetary Policy Transmission and Financial Stability in a LIC can be Read Online from any device for your convenience.
Monetary Policy Transmission and Financial Stability in a LIC Book PDF Summary
This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels. Second, money market and treasury rates signal changes in the policy stance, while altering banks’ intermediation cost curves due to shifting risk premia. At the same time, evidence points to monetary policy inducing an overshooting in asset prices. These findings suggest that financial stability could be undermined if the calibration of monetary policy is based solely on output and inflation without accounting for the stage of the financial cycle. Finally, the paper discusses policy measures that would enhance the transmission of monetary policy and promote financial stability in Bangladesh.
Detail Book of Monetary Policy Transmission and Financial Stability in a LIC PDF
- Author : Mr.Sohrab Rafiq
- Release : 09 November 2015
- Publisher : International Monetary Fund
- ISBN : 9781513522371
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 17,5 Mb
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