Best Seller The Monetary Transmission Mechanism in Egypt

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The Monetary Transmission Mechanism in Egypt High quality books

The Monetary Transmission Mechanism in Egypt
By:Rania A. Al-Mashat,Mr. Andreas Billmeier
Published on 2007-12-01 by International Monetary Fund

This paper examines the monetary transmission mechanism in Egypt against the background of the central bank''s intention to shift to inflation targeting. It first describes the changing transmission channels over the last decade. Second, the channels are evaluated in a VAR model. The exchange rate channel plays a strong role in propagating monetary shocks to output and prices. Most other channels (bank lending, asset price) are rather weak. The interest rate channel is underdeveloped but appears to be strengthening since the introduction of the interest corridor in 2005, which bodes well for adopting inflation targeting over the medium term.

This Book was ranked at 40 by Google Books for keyword Credit channel.

Book ID of The Monetary Transmission Mechanism in Egypt's Books is jpwlxNBMYWoC, Book which was written byRania A. Al-Mashat,Mr. Andreas Billmeierhave ETAG "+3HJeIkMQCs"

Book which was published by International Monetary Fund since 2007-12-01 have ISBNs, ISBN 13 Code is 9781451913019 and ISBN 10 Code is 145191301X

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Book which have "43 Pages" is Printed at BOOK under CategoryBusiness and Economics

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