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Lines of monetary transmission optimization under conditions of transition economy

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  • Lepushynskyy, Volodymyr

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.

Suggested Citation

  • Lepushynskyy, Volodymyr, 2008. "Lines of monetary transmission optimization under conditions of transition economy," MPRA Paper 10102, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:10102
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    File URL: https://mpra.ub.uni-muenchen.de/10102/1/MPRA_paper_10102.pdf
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    References listed on IDEAS

    as
    1. Balazs Egert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable," CESifo Working Paper Series 1739, CESifo Group Munich.
    2. Katerina Smidkova, 2004. "The transmission mechanism of monetary policy at the beginning of the third millennium," Macroeconomics 0403012, EconWPA.
    3. Andrew Berg & Eduardo Borensztein, 2000. "The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies," Journal of Applied Economics, Universidad del CEMA, vol. 3, pages 285-324, November.
    4. Georgy Ganev & Krisztina Molnar & Krzysztof Rybinski & Przemyslaw Wozniak, 2002. "Transmission Mechanism of Monetary Policy in Centraland Eastern Europe," CASE Network Reports 0052, CASE-Center for Social and Economic Research.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    monetary policy; monetary transmission mechanism; transition economy;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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