01773cas a2200253 a 4500 AALejournalIMF001215 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848984 1018-5941 BD-DhAAL BD-DhAAL Catao, Luis. Banks and Monetary Shocks in Emerging Markets : How Far Can We Go with the "Credit View"? / Luis Catao, Sergio Rodriguez. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the propagation of monetary shocks in a two-good optimizing macromodel where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market economies. The model develops the Bernanke-Blinder 'credit view' of the monetary transmission mechanism along classical lines, with no Keynesian rigidities being imposed and the only sources of 'imperfection' arising from deposit and credit-in-advance constraints. Using numerical simulations, we show that such a relatively simple model goes a long way toward explaining some key 'stylized facts' of recent financial crises. Mode of access: Internet Rodriguez, Sergio. IMF Working Papers; Working Paper ; No. 2000/068 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/068/001.2000.issue-068-en.xml IMF e-Library