01612cas a2200241 a 4500 AALejournalIMF002824 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451810134 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Czech Republic : Selected Issues and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (56 pages) IMF Staff Country Reports <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 The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM), but the exchange rate channel is weak. The government has started addressing the institutional impediments constraining credit to domestic enterprises. Joining the European economic and monetary unit will strengthen the pass-through from policy rates to lending rates. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/003 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/003/002.2004.issue-003-en.xml IMF e-Library