Monetary Transmission Mechanisms in Belarus / / Rodolfo Maino, Balázs Horváth
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| Autore: |
Maino Rodolfo
|
| Titolo: |
Monetary Transmission Mechanisms in Belarus / / Rodolfo Maino, Balázs Horváth
|
| 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 |
| 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