Monetary Transmission in Brazil: Has the Credit Channel Changed?

WP/13/251

Monetary Transmission in Brazil: Has the Credit Channel Changed?
This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that monetary transmission through lending volumes was not impaired. Instead, the observed diminished lending... READ MORE...

Publication date: December 2013
ISBN 9781484312001
$18.00

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Publication date: December 2013

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Publication date: December 2013

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