01805cas a2200253 a 4500 AALejournalIMF011899 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475504064 1018-5941 BD-DhAAL BD-DhAAL Mishra, Prachi. How Effective is Monetary Transmission in Low-Income Countries? : A Survey of the Empirical Evidence / Prachi Mishra, Peter Montiel. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (48 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 surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the "facts on the ground" and "methodological deficiencies" interpretations of the absence of evidence for strong monetary transmission. We suspect that "facts on the ground" are an important part of the story. If this conjecture is correct, the stabilization challenge in developing countries is acute indeed, and identifying the means of enhancing the effectiveness of monetary policy in such countries is an important challenge. Mode of access: Internet Montiel, Peter. IMF Working Papers; Working Paper ; No. 2012/143 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/143/001.2012.issue-143-en.xml IMF e-Library