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Modeling with Macro-Financial Linkages
By:Jaromir Benes,Ms. Inci Ötker,David Vávra
Published on 2009-06-01 by International Monetary Fund

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated with rapid credit growth, financial dollarization, and foreign borrowing, while lacking traditional tools to effect monetary policy transmission, and hence could resort to more direct instruments, such as foreign exchange market intervention and regulatory and administrative measures. Calibrating the model to a stylized emerging European economy, the paper simulates real and financial sector implications of various external and policy-related shocks that could be used as input for monetary policy making.

This Book was ranked at 31 by Google Books for keyword Credit channel.

Book ID of Modeling with Macro-Financial Linkages's Books is s9Kb-io6mYEC, Book which was written byJaromir Benes,Ms. Inci Ötker,David Vávrahave ETAG "jgEJSHUE3R8"

Book which was published by International Monetary Fund since 2009-06-01 have ISBNs, ISBN 13 Code is 9781452763187 and ISBN 10 Code is 1452763186

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