Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work?

Does the Interest Rate Channel Work?

Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work?
This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows that responses to changes in the policy interest rate are gradual in the wholesale market. Prolonged deviation in the interbank... READ MORE...

Publication date: November 2011
ISBN 9781463925314
$18.00

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