Chapter 11: Monetary Transmission: Effectiveness and Policy Implications
Author:
Cristhian Vera
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,
Ms. Prachi Mishra
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, and
Mr. R. Armando Morales
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Language:
English
Print Publication Date:
13 Sep 2019
Keywords:
BOOK; CAPDR; CAPDR country; lending rate; transmission mechanism; aggregate demand; CAPDR monetary policy framework; Central bank policy rate; Discount rates; Monetary policy frameworks; Money markets; Bank credit; Central America; bank concentration; money market rate

Abstract

The views expressed in this chapter are those of the authors and do not necessarily represent those of the IMF or its Board of Directors. This chapter represents an application of Mishra, Montiel, and Spilimbergo (2012) to the Central America, Panama, and the Dominican Republic (CAPDR) countries.

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Contributor Notes

The views expressed in this chapter are those of the authors and do not necessarily represent those of the IMF or its Board of Directors. This chapter represents an application of Mishra, Montiel, and Spilimbergo (2012) to the Central America, Panama, and the Dominican Republic (CAPDR) countries.

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Cover Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic
Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic
ISBN:
9781484353844
Publication Date:
13 Sep 2019
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484353844.071
Pages:
308