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[null,"1.","Record Nr.",null,"UNINA9910788527503321"]
[null,null,"Autore",null,"Roldos Jorge"]
[null,null,"Titolo",null,"Disintermediation and Monetary Transmission in Canada / / Jorge Roldos"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2006"]
[null,null,"ISBN",null,"1-4623-4174-8"]
[{"$nulls":4},"1-4527-6427-1"]
[{"$nulls":4},"1-282-54545-0"]
[{"$nulls":4},"1-4519-0879-2"]
[{"$nulls":4},"9786613822130"]
[null,null,"Descrizione fisica",null,"1 online resource (35 p.)"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Capital market - Canada"]
[{"$nulls":4},"Finance - Canada"]
[{"$nulls":4},"Monetary policy - Canada"]
[{"$nulls":4},"Money market - Canada"]
[{"$nulls":4},"Corporate Finance"]
[{"$nulls":4},"Econometrics"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Money and Monetary Policy"]
[{"$nulls":4},"Industries: Financial Services"]
[{"$nulls":4},"Time-Series Models"]
[{"$nulls":4},"Dynamic Quantile Regressions"]
[{"$nulls":4},"Dynamic Treatment Effect Models"]
[{"$nulls":4},"Diffusion Processes"]
[{"$nulls":4},"Monetary Policy, Central Banking, and the Supply of Money and Credit: General"]
[{"$nulls":4},"Banks"]
[{"$nulls":4},"Depository Institutions"]
[{"$nulls":4},"Micro Finance Institutions"]
[{"$nulls":4},"Mortgages"]
[{"$nulls":4},"Price Level"]
[{"$nulls":4},"Inflation"]
[{"$nulls":4},"Deflation"]
[{"$nulls":4},"Corporate Finance and Governance: General"]
[{"$nulls":4},"Econometrics & economic statistics"]
[{"$nulls":4},"Monetary economics"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Ownership & organization of enterprises"]
[{"$nulls":4},"Vector autoregression"]
[{"$nulls":4},"Bank credit"]
[{"$nulls":4},"Loans"]
[{"$nulls":4},"Asset prices"]
[{"$nulls":4},"Corporate sector"]
[{"$nulls":4},"Credit"]
[{"$nulls":4},"Prices"]
[{"$nulls":4},"Business enterprises"]
[{"$nulls":4},"Canada"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"March 2006.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"\"\"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\"\""]
[null,null,null,"Sommario/riassunto","This 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."]