Memon, Iqra Aslam; Jabeen, Hummaira - In: Arab economic and business journal 13 (2018) 2, pp. 111-124
It has been known with time that no single transmission mechanism is enough to understand the monetary policy stance of that country. The objective of this paper is combine two transmission channel, interest rate and exchange rate so as to construct monetary condition index (MCI) for the gulf...