Did capital market convergence lower the effectiveness of the interest rate as a monetary policy tool?
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More about this item
KeywordsMonetary policy; Term structure of interest rates; International capital market convergence;
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-CBA-2006-07-28 (Central Banking)
- NEP-FMK-2006-07-28 (Financial Markets)
- NEP-IFN-2006-07-28 (International Finance)
- NEP-MAC-2006-07-28 (Macroeconomics)
- NEP-MON-2006-07-28 (Monetary Economics)
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