Monetary Transmission Mechanisms in Belarus High quality books
Monetary Transmission Mechanisms in Belarus
By:Balázs Horváth,Rodolfo Maino
Published on 2006-11-01 by International Monetary Fund
We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather than leading, financial market developments. Our estimated monetary policy reaction function shows the central bank striking a balance between real exchange rate stability and containing inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission, review specific constraints and vulnerabilities, and conclude with observations on possible measures that could raise the effectiveness of monetary policy in Belarus.
This Book was ranked at 13 by Google Books for keyword Monetary.
Book ID of Monetary Transmission Mechanisms in Belarus's Books is wwpKqItfvKIC, Book which was written byBalázs Horváth,Rodolfo Mainohave ETAG "jFqhVCBFrTE"
Book which was published by International Monetary Fund since 2006-11-01 have ISBNs, ISBN 13 Code is and ISBN 10 Code is
Reading Mode in Text Status is true and Reading Mode in Image Status is true
Book which have "22 Pages" is Printed at BOOK under CategoryBelarus
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is true
Book Preview
Comments
Post a Comment