Measuring and Mending Monetary Policy Effectiveness Under Capital Account Restrictions—Lessons from Mauritania

WP/13/77

Nopic
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 institutional characteristic that allows me to establish exogeneity. Unlike in advanced countries, I find no evidence for a statistically... READ MORE...

Publication date: March 2013
ISBN 9781484328682
$18.00

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Publication date: March 2013

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Publication date: March 2013

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