Series: IMF Working Papers
Author(s): Peter Montiel , Antonio Spilimbergo , and Prachi Mishra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: exchange rate, interest rate, institutions, bank lending, monetary transmission, central bank, government securities, Macroeconomic Analyses of Economic Development,
This paper reviews monetary transmission mechanisms in low-income countries (LICs) to identify aspects of the channels that may operate differently in LICs relative to advanced and emerging economies. Given the wea...