Monetary Transmission : Are Emerging Market and Low Income Countries Different?

Are Emerging Market and Low Income Countries Different?

Monetary Transmission : Are Emerging Market and Low Income Countries Different?
We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-income countries. We find a robust link from shortterm policy and interbank rates to longer-term bond yields. Two policy implications... READ MORE...

Publication date: November 2015
ISBN 9781513554235
$18.00

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