
Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work? »
Journal Issue
Volume/Issue: 2011/275
Series: IMF Working Papers
Author(s): Arto Kovanen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2011
DOI: http://dx.doi.org/10.5089/9781463925314.001
ISBN: 9781463925314
Keywords: monetary policy transmission, interest rates, monetary policy, central bank, inflation, money market, Money And Interest Rates,
This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows...