Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization /

Given the heavy reliance on bank lending as the main source of financing in most Asian economies, banks could potentially play a pivotal role in monetary policy transmission. However, we find that Asia's bank lending channel or, more broadly, credit channel of domestic monetary policy is not ve...

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Autore principale: Ananchotikul, Nasha
Altri autori: Seneviratne, Dulani
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2015.
Serie:IMF Working Papers; Working Paper ; No. 2015/207
Accesso online:Full text available on IMF