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Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay
Acosta-Ormaechea, Santiago; Coble, David - 2011
Persistent link: https://www.econbiz.de/10009486293
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Monetary Transmission in Dollarized and Non-Dollarized Economies : The Cases of Chile, New Zealand, Peru and Uruguay
Acosta Ormaechea, Santiago - 2011
The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and...
Persistent link: https://www.econbiz.de/10014412189
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Monetary policy transmission mechanisms in Pacific Island countries
Yang, Yongzheng; Davies, Matt; Wang, Shengzu; Dunn, … - 2011
Persistent link: https://www.econbiz.de/10009486305
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Credit growth and the effectiveness of reserve requirements and other macroprudential instruments in Latin America
Tovar, Camilo Ernesto; Garcia-Escribano, Mercedes; … - 2012
Persistent link: https://www.econbiz.de/10009618590
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What's different about monetary policy transmission in remittance-dependent countries?
Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - 2016
Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation) pressure on real exchange rates, reducing the quality of institutions, delaying...
Persistent link: https://www.econbiz.de/10011445365
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Crossing the credit channel : credit spreads and firm heterogeneity
Anderson, Gareth; Cesa-Bianchi, Ambrogio - 2020
Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting … with high leverage experience a more pronounced increase in credit spreads than firms with low leverage. A large fraction … of this increase is due to a component of credit spreads that is in excess of firms' expected default. Our results …
Persistent link: https://www.econbiz.de/10012485947
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Monetary Policy Transmission Mechanisms in Pacific Island Countries
Dunn, Jonathan C. - 2011
economic activity. Judging by the ensuing movements in commercial bank interest rates and private sector credit, monetary … credit growth. Weak credit demand and underdeveloped financial markets seem to have limited the effectiveness of monetary …
Persistent link: https://www.econbiz.de/10014401200
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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
International Monetary Fund - 2012
procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …
Persistent link: https://www.econbiz.de/10014396432
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Market power and monetary policy transmission
Duval, Romain; Furceri, Davide; Lee, Raphael; Mendes … - 2021
We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm's markup on its response to a monetary policy shock...
Persistent link: https://www.econbiz.de/10012605640
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Shock from graying : is the demographic shift weakening monetary policy effectiveness
Imam, Patrick - 2013
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10012667511