Vai al contenuto principale della pagina

Monetary Transmission Mechanisms in Belarus / / Rodolfo Maino, Balázs Horváth



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Autore: Maino Rodolfo Visualizza persona
Titolo: Monetary Transmission Mechanisms in Belarus / / Rodolfo Maino, Balázs Horváth Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (24 p.)
Soggetto topico: Monetary policy - Belarus - Mathematical models
Money supply - Belarus - Mathematical models
Foreign Exchange
Inflation
Money and Monetary Policy
Time-Series Models
Dynamic Quantile Regressions
Dynamic Treatment Effect Models
Diffusion Processes
State Space Models
Price Level
Deflation
Money Supply
Credit
Money Multipliers
Monetary Policy
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Currency
Foreign exchange
Monetary economics
Macroeconomics
Exchange rates
Real exchange rates
Dollarization
Currencies
Monetary policy
Prices
Money
Soggetto geografico: Belarus, Republic of
Altri autori: HorváthBalázs  
Note generali: "November 2006".
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""Contents""; ""I. MONETARY POLICY TRANSMISSION MECHANISM""; ""II. CONSTRAINTS, VULNERABILITIES, AND THE ROAD AHEAD""; ""III. STEPS TOWARD ENHANCING MONETARY POLICY EFFECTIVENESS""; ""REFERENCES""
Sommario/riassunto: We 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.
Titolo autorizzato: Monetary Transmission Mechanisms in Belarus  Visualizza cluster
ISBN: 1-4623-4878-5
1-4527-6829-3
1-283-51212-2
1-4519-0959-4
9786613824578
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788416303321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2006/246