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Tramsission de la politique monétaire: le cas des pays de la CEMAC
[Monetary policy transmission: the case of the CEMAC]

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  • MEZUI-MBENG, Pamphile

Abstract

This article analyzes the process by which the monetary policy influences economies of the six countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 1980-2008. After having identified the channels of interest rate, credit and currency, we show that the monetary policy ended in differentiated effects on the economies of the sub-region. In particular, extent of the shocks on the variables of the monetary transmission led to important differences between the countries with short and long-term.

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File URL: http://mpra.ub.uni-muenchen.de/26032/
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File URL: http://mpra.ub.uni-muenchen.de/26110/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 26032.

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Date of creation: 27 Aug 2010
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Handle: RePEc:pra:mprapa:26032

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Keywords: monetary policy tranmission; VAR models; CEMAC;

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  22. Benoît Mojon & Virginie Coudert, 1997. "Asymétries financières et transmission de la politique monétaire en Europe," Économie et Prévision, Programme National Persée, vol. 128(2), pages 41-60.
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  25. repec:hal:cesptp:hal-00308654 is not listed on IDEAS
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