Monetary Policy Transmission in Emerging Markets and Developing Economies

Monetary Policy Transmission in Emerging Markets and Developing Economies
Author :
Publisher : International Monetary Fund
Total Pages : 54
Release :
ISBN-10 : 9781513529738
ISBN-13 : 1513529730
Rating : 4/5 (38 Downloads)

Book Synopsis Monetary Policy Transmission in Emerging Markets and Developing Economies by : Mr.Luis Brandao-Marques

Download or read book Monetary Policy Transmission in Emerging Markets and Developing Economies written by Mr.Luis Brandao-Marques and published by International Monetary Fund. This book was released on 2020-02-21 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.


Monetary Policy Transmission in Emerging Markets and Developing Economies Related Books

Monetary Policy Transmission in Emerging Markets and Developing Economies
Language: en
Pages: 54
Authors: Mr.Luis Brandao-Marques
Categories: Business & Economics
Type: BOOK - Published: 2020-02-21 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT).
Monetary Transmission in Developing Countries
Language: en
Pages: 68
Authors: Ms.Prachi Mishra
Categories: Business & Economics
Type: BOOK - Published: 2016-09-07 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find that a tightening of monetary policy is asso
Monetary Policy in Low Financial Development Countries
Language: en
Pages:
Authors: Juan Antonio Morales
Categories: Electronic books
Type: BOOK - Published: 2021 - Publisher:

DOWNLOAD EBOOK

This book gives a broad overview of the main monetary policy challenges faced by countries that are in the lower income range, have an underdeveloped financial
Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries
Language: en
Pages: 74
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2015-10-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial mar
Monetary Policy in Developing Countries
Language: en
Pages: 381
Authors: Sheila Page
Categories: Business & Economics
Type: BOOK - Published: 2013-10-11 - Publisher: Routledge

DOWNLOAD EBOOK

Developing countries now use monetary policy as part of their adjustment programmes but its targets, the tools, and the theory were developed for advanced count