A Macro Model of the Credit Channel in a Currency Union Member : The Case of Benin

The Case of Benin

A Macro Model of the Credit Channel in a Currency Union Member : The Case of Benin
This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed exchange rate. The model is applied to Benin, a member of a currency union, using a general equilibrium model with stochastic simulation.... READ MORE...

Publication date: August 2010
ISBN 9781455202256
$18.00

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