Monetary Policy Transmission Mechanisms in Pacific Island Countries

Monetary Policy Transmission Mechanisms in Pacific Island Countries
During the global financial crisis, central banks in Pacific island countries eased monetary policy to stimulate economic activity. Judging by the ensuing movements in commercial bank interest rates and private sector credit, monetary policy transmission appears to be weak. This is confirmed by an empirical examination of interest rate... READ MORE...

Publication date: April 2011
ISBN 9781455254279
$18.00

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