This paper reviews the monetary transmission mechanism in low-income countries (LICs).
We use the standard description of monetary transmission as a benchmark to identify …

This paper reviews monetary transmission mechanisms in low-income countries (LICs) to
identify aspects of the channels that may operate differently in LICs relative to advanced and …

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 …

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 …

There are strong priori reasons to believe that monetary transmission may be weaker and
less reliable in low-than in high-income countries. This is as true in India as it is elsewhere …

This paper surveys recent advances in empirical studies of the monetary transmission
mechanism, with special attention to Central and Eastern Europe (CEE). Our results indicate …

Uncertainty about the underlying monetary transmission mechanism may be more
pronounced in emerging market economies than in developed ones. Small open emerging …

To what extent does the availability of credit depend on monetary policy? And, does this
relationship vary with bank characteristics? Based on a common source of balance sheet …

In the financial sector of an economy, given the asymmetric information and moral hazard,
bank intermediation is seen to be crucial, since only banks specialise in monitoring their …

Understanding the transmission mechanism of monetary policy, especially the time lag
involved between a policy change and its impact on inflation and output, constitutes a …