Monetary Policy Transmission in the GCC Countries

Working Paper No. 12/132

Nopic
The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that the pass-through of policy rates to retail rates is on the low side, reflecting the shallowness of money markets and the manner in which... READ MORE...

Publication date: May 2012
ISBN 9781475503685
$18.00

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Publication date: May 2012

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Publication date: May 2012

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