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Lines of monetary transmission optimization under conditions of transition economy

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Author Info
Lepushynskyy, Volodymyr

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Abstract

An essential condition of the effectiveness of price-stability-based monetary regime is availability of an efficient mechanism for transmission of monetary policy impulses to the real sector of economy. Characteristic of the economy of Ukraine, the same as many other transition economies is the existence of institutional and structural factors that reduce the effectiveness of monetary transmission mechanism. This paper discusses the above mentioned factors and measures aimed to strengthen the efficiency of transmission mechanism of monetary policy.

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10102.

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Date of creation: May 2008
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Handle: RePEc:pra:mprapa:10102

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Related research
Keywords: monetary policy; monetary transmission mechanism; transition economy;

Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Katerina Smidkova, 2004. "The transmission mechanism of monetary policy at the beginning of the third millennium," Macroeconomics 0403012, EconWPA. [Downloadable!]
  2. Eduardo Borensztein & Andrew Berg, 2000. "The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies," IMF Working Papers 00/29, International Monetary Fund.
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  3. Balázs Égert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable," MNB Working Papers 2006/5, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
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This page was last updated on 2009-12-1.

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