The Transmission Mechanism for Monetary Policy in Developing Countries
AbstractIn many developing countries the financial system is characterized by the absence of organized markets for securities and equities, by capital controls, and by legal ceilings on bank borrowing and lending rates--a situation that gives rise to parallel markets for foreign exchange and informal loan markets. This paper analyzes how changes in monetary policy instruments are transmitted to domestic aggregate demand in a financially repressed economy. Such an analysis is necessary to understand how the move to a more market-oriented system would affect the economy in the short run.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 38 (1991)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Other versions of this item:
- Peter Montiel, 1990. "The Transmission Mechanism For Monetary Policy In Developing Countries," IMF Working Papers 90/47, International Monetary Fund.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Rania Al Mashat & Andreas Billmeier, 2008.
"The Monetary Transmission Mechanism in Egypt,"
411, Economic Research Forum, revised Jun 2008.
- José R. Sánchez-Fung, 2002.
"Estimating a Monetary Policy Reaction Function for the Dominican Republic,"
Studies in Economics
0201, Department of Economics, University of Kent.
- Jose Sanchez-fung, 2005. "Estimating a monetary policy reaction function for the dominican republic," International Economic Journal, Korean International Economic Association, vol. 19(4), pages 563-577.
- Sánchez-Fung, José R., 2008. "The day-to-day interbank market, volatility, and central bank intervention in a developing economy," MPRA Paper 15648, University Library of Munich, Germany.
- Isard, Peter & Mathieson, Donald J. & Rojas-Suarez, Liliana, 1996.
"A framework for the analysis of financial reforms and the cost of official safety nets,"
Journal of Development Economics,
Elsevier, vol. 50(1), pages 25-79, June.
- Peter Isard & Liliana Rojas-SuÃ¡rez & Donald J. Mathieson, 1992. "A Framework for the Analysis of Financial Reforms and the Cost of Official Safety Nets," IMF Working Papers 92/31, International Monetary Fund.
- José J. Sidaoui & Manuel Ramos-Francia, 2008. "The monetary transmission mechanism in Mexico: recent developments," BIS Papers chapters, in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 363-394 Bank for International Settlements.
- Simatele, Munacinga C H, 2004. "Financial sector reforms and monetary policy reforms in Zambia," MPRA Paper 21575, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.