IV Monetary and Credit Policies
Author:
Mr. Leslie E Teo
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Mr. Charles Enoch
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Mr. Carl-Johan Lindgren
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Mr. Tomás J. T. Baliño https://isni.org/isni/0000000404811396 International Monetary Fund

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Ms. Anne Marie Gulde
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Mr. Marc G Quintyn
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Abstract

The crisis had profound effects on the overall monetary environment and on policymakers’ ability to use financial policies to steer the economy. This section examines the difficulties encountered and discusses the possible interaction between measures to reestablish monetary control and the observed decline in credit to the economy in the crisis countries.

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