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Determinants of Monetary Transmission in Armenia

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  • Sargsyan Hayk

Abstract

A well-functioning monetary policy transmission mechanism is a guarantee for a successful monetary policy, therefore examination of the impacts of its main determinants in Armenia was of a great interest, and served as an inspiration for the given research. Following the research objectives, a proxy variable for the strength of monetary pass-through in Armenia was estimated, and then the resulted variable was used in an empirical model to assess the long-run and short run relationship with its main factors.

Suggested Citation

  • Sargsyan Hayk, 2016. "Determinants of Monetary Transmission in Armenia," EERC Working Paper Series 16/02e, EERC Research Network, Russia and CIS.
    • Handle: RePEc:eer:wpalle:16/02e
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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