Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy

Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy
The experiences of seven countries that have undergone banking crises show that crises have significant implications for the short-run stability of the demand for money, the money multiplier, the transmission mechanism, and the signal variables of monetary policy. Monetary and credit instability, coupled with changes in the nature of the... READ MORE...

Publication date: September 1997
ISBN 9781451854688
$15.00

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