LEADER 03946oam  22010094  450 
001 9910959818503321
005 20250502213641.0
010   $a9786613822130
010   $a9781462341740
010   $a1462341748
010   $a9781452764276
010   $a1452764271
010   $a9781282545458
010   $a1282545450
010   $a9781451908794
010   $a1451908792
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(IMF)WPIEA2006084
035   $aWPIEA2006084
035   $a(CaBNVSL)gtp00528127
035   $a(CaOOCEL)250991
035   $a(VaAlCD)20.500.12592/j47rb9
035   $a(EXLCZ)993360000000443250
071 60$a250991$bCaOOCEL$q(Public Documents)
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   $a"March 2006."
311 08$a9781451863444 
311 08$a1451863446 
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   $aFinance$zCanada
606   $aMonetary policy$zCanada
606   $aMoney market$zCanada
606   $aCapital market$zCanada
606   $aBusiness$2Iptcnc
606   $aCredit channel$2Iptcnc
606   $aEconomics$2Iptcnc
606   $aEconomy$2Iptcnc
606   $aFinance$2Iptcnc
606   $aMacroeconomics$2Iptcnc
606   $aMonetary policy$2Iptcnc
606   $aMoney$2Iptcnc
606   $aVector autoregression$2Iptcnc
606   $aFinancial accelerator$2Iptcnc
615  0$aFinance
615  0$aMonetary policy
615  0$aMoney market
615  0$aCapital market
615  7$aBusiness
615  7$aCredit channel
615  7$aEconomics
615  7$aEconomy
615  7$aFinance
615  7$aMacroeconomics
615  7$aMonetary policy
615  7$aMoney
615  7$aVector autoregression
615  7$aFinancial accelerator
676   $a332/.042
700   $aRoldos$b Jorge$01815794
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910959818503321
996   $aDisintermediation and Monetary Transmission in Canada$94371320
997   $aUNINA