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010   $a1-4519-0959-4
010   $a9786613824578
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035   $a(EBL)3014385
035   $a(SSID)ssj0000942134
035   $a(PQKBManifestationID)11585702
035   $a(PQKBTitleCode)TC0000942134
035   $a(PQKBWorkID)10972098
035   $a(PQKB)11658094
035   $a(OCoLC)698585638
035   $a(MiAaPQ)EBC3014385
035   $a(IMF)WPIEE2006246
035   $a(EXLCZ)993360000000443451
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aMonetary Transmission Mechanisms in Belarus /$fRodolfo Maino, Balázs Horváth
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (24 p.)
225 1 $aIMF Working Papers
300   $a"November 2006".
311   $a1-4518-6506-6 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. MONETARY POLICY TRANSMISSION MECHANISM""; ""II. CONSTRAINTS, VULNERABILITIES, AND THE ROAD AHEAD""; ""III. STEPS TOWARD ENHANCING MONETARY POLICY EFFECTIVENESS""; ""REFERENCES""
330 3 $aWe explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather than leading, financial market developments. Our estimated monetary policy reaction function shows the central bank striking a balance between real exchange rate stability and containing inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission, review specific constraints and vulnerabilities, and conclude with observations on possible measures that could raise the effectiveness of monetary policy in Belarus.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/246
606   $aMonetary policy$zBelarus$xMathematical models
606   $aMoney supply$zBelarus$xMathematical models
606   $aForeign Exchange$2imf
606   $aInflation$2imf
606   $aMoney and Monetary Policy$2imf
606   $aTime-Series Models$2imf
606   $aDynamic Quantile Regressions$2imf
606   $aDynamic Treatment Effect Models$2imf
606   $aDiffusion Processes$2imf
606   $aState Space Models$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aMoney Supply$2imf
606   $aCredit$2imf
606   $aMoney Multipliers$2imf
606   $aMonetary Policy$2imf
606   $aMonetary Systems$2imf
606   $aStandards$2imf
606   $aRegimes$2imf
606   $aGovernment and the Monetary System$2imf
606   $aPayment Systems$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aMonetary economics$2imf
606   $aMacroeconomics$2imf
606   $aExchange rates$2imf
606   $aReal exchange rates$2imf
606   $aDollarization$2imf
606   $aCurrencies$2imf
606   $aMonetary policy$2imf
606   $aPrices$2imf
606   $aMoney$2imf
607   $aBelarus, Republic of$2imf
615  0$aMonetary policy$xMathematical models.
615  0$aMoney supply$xMathematical models.
615  7$aForeign Exchange
615  7$aInflation
615  7$aMoney and Monetary Policy
615  7$aTime-Series Models
615  7$aDynamic Quantile Regressions
615  7$aDynamic Treatment Effect Models
615  7$aDiffusion Processes
615  7$aState Space Models
615  7$aPrice Level
615  7$aDeflation
615  7$aMoney Supply
615  7$aCredit
615  7$aMoney Multipliers
615  7$aMonetary Policy
615  7$aMonetary Systems
615  7$aStandards
615  7$aRegimes
615  7$aGovernment and the Monetary System
615  7$aPayment Systems
615  7$aCurrency
615  7$aForeign exchange
615  7$aMonetary economics
615  7$aMacroeconomics
615  7$aExchange rates
615  7$aReal exchange rates
615  7$aDollarization
615  7$aCurrencies
615  7$aMonetary policy
615  7$aPrices
615  7$aMoney
700   $aMaino$b Rodolfo$01462067
701   $aHorváth$b Balázs$01160504
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788416303321
996   $aMonetary Transmission Mechanisms in Belarus$93802299
997   $aUNINA