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010   $a1-4519-0879-2
010   $a9786613822130
035   $a(CKB)3360000000443250
035   $a(EBL)3014458
035   $a(SSID)ssj0000940122
035   $a(PQKBManifestationID)11553621
035   $a(PQKBTitleCode)TC0000940122
035   $a(PQKBWorkID)10948644
035   $a(PQKB)10032269
035   $a(OCoLC)246923384
035   $a(MiAaPQ)EBC3014458
035   $a(IMF)WPIEE2006084
035   $a(EXLCZ)993360000000443250
100   $a20020129d2006      uf         0
101 0 $aeng
135   $aurcnu||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aDisintermediation and Monetary Transmission in Canada /$fJorge Roldos
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (35 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311   $a1-4518-6344-6 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL DEREGULATION AND DISINTERMEDIATION""; ""III. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM VAR MODELS""; ""IV. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM STRUCTURAL MODELS""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS""; ""References""
330 3 $aThis paper studies changes in Canada's monetary policy transmission, associated with the important changes in financial structure experienced in the 1990's, using two methodologies. First, VAR models show a clear break in monetary transmission beginning in 1988, after changes in financial regulation initiated the process of financial disintermediation. Second, estimates of the interest rate elasticity of aggregate demand in IS equations increase in the 1990's, suggesting that the systematic component of monetary policy has become more relevant. The ratio of direct to indirect finance, a measure of disintermediation, contributes to explain changes in the interest rate elasticity, suggesting an increased effectiveness of monetary policy associated with a larger use of market-based sources of finance.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/084
606   $aCapital market$zCanada
606   $aFinance$zCanada
606   $aMonetary policy$zCanada
606   $aMoney market$zCanada
606   $aCorporate Finance$2imf
606   $aEconometrics$2imf
606   $aMacroeconomics$2imf
606   $aMoney and Monetary Policy$2imf
606   $aIndustries: Financial Services$2imf
606   $aTime-Series Models$2imf
606   $aDynamic Quantile Regressions$2imf
606   $aDynamic Treatment Effect Models$2imf
606   $aDiffusion Processes$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aPrice Level$2imf
606   $aInflation$2imf
606   $aDeflation$2imf
606   $aCorporate Finance and Governance: General$2imf
606   $aEconometrics & economic statistics$2imf
606   $aMonetary economics$2imf
606   $aFinance$2imf
606   $aOwnership & organization of enterprises$2imf
606   $aVector autoregression$2imf
606   $aBank credit$2imf
606   $aLoans$2imf
606   $aAsset prices$2imf
606   $aCorporate sector$2imf
606   $aCredit$2imf
606   $aPrices$2imf
606   $aBusiness enterprises$2imf
607   $aCanada$2imf
615  0$aCapital market
615  0$aFinance
615  0$aMonetary policy
615  0$aMoney market
615  7$aCorporate Finance
615  7$aEconometrics
615  7$aMacroeconomics
615  7$aMoney and Monetary Policy
615  7$aIndustries: Financial Services
615  7$aTime-Series Models
615  7$aDynamic Quantile Regressions
615  7$aDynamic Treatment Effect Models
615  7$aDiffusion Processes
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aPrice Level
615  7$aInflation
615  7$aDeflation
615  7$aCorporate Finance and Governance: General
615  7$aEconometrics & economic statistics
615  7$aMonetary economics
615  7$aFinance
615  7$aOwnership & organization of enterprises
615  7$aVector autoregression
615  7$aBank credit
615  7$aLoans
615  7$aAsset prices
615  7$aCorporate sector
615  7$aCredit
615  7$aPrices
615  7$aBusiness enterprises
700   $aRoldos$b Jorge$01632004
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910819874203321
996   $aDisintermediation and Monetary Transmission in Canada$93970906
997   $aUNINA