Monetary Transmission in Low Income Countries

Monetary Transmission in Low Income Countries
This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the weak institutional frameworks, reduced role of securities markets, imperfect competition in the banking sector and the resulting high... READ MORE...

Publication date: October 2010
ISBN 9781455208883
$18.00

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