The Effectiveness of Monetary Policy Transmission Under Capital Inflows is popular PDF and ePub book, written by Ms.Sonali Jain-Chandra in 2012-11-02, 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, The Effectiveness of Monetary Policy Transmission Under Capital Inflows can be Read Online from any device for your convenience.
The Effectiveness of Monetary Policy Transmission Under Capital Inflows Book PDF Summary
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’s economies. Using a dynamic factor model and a structural vector auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors. However, monetary policy transmission mechanism remains effective in the region, as it operates predominantly through short-term interest rates. Nevertheless, the monetary transmission mechanism, though effective, is somewhat weaker in Asia during the periods of surges in capital inflows.
Detail Book of The Effectiveness of Monetary Policy Transmission Under Capital Inflows PDF
- Author : Ms.Sonali Jain-Chandra
- Release : 02 November 2012
- Publisher : International Monetary Fund
- ISBN : 9781475579710
- Genre : Business & Economics
- Total Page : 19 pages
- Language : English
- PDF File Size : 8,7 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Effectiveness of Monetary Policy Transmission Under Capital Inflows by Ms.Sonali Jain-Chandra, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.