Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions : Lessons from Mauritania »
Series: IMF Working Papers
Author(s): Robert Blotevogel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 March 2013
Keywords: monetary policy effectiveness, exogenous monetary policy shocks, capital account restrictions, low-income countries, monetary policy, bank lending, central bank, bank reserves, banking, General
I propose a new approach to identifying exogenous monetary policy shocks in low-income countries with capital account restrictions. In the case of Mauritania, a domestic repatriation requirement is the key institut...