Series: IMF Working Papers
Author(s): Charles Abuka , Ronnie Alinda , Camelia Minoiu , José-Luis Peydró , and Andrea Presbitero
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 December 2015
Keywords: Monetary policy transmission, Bank lending channel, Bank balance sheet channel, Developing countries, bank, banks, credit, lending, interest, Financial Markets and the Macroeconomy
The transmission of monetary policy to credit aggregates and the real economy can be impaired by weaknesses in the contracting environment, shallow financial markets, and a concentrated banking system. We empirical...