IMF study analyses Asian monetary policy channels
Asia's monetary policy transmission mechanisms are relatively resilient to global factors, according to a working paper published by the International Monetary Fund (IMF) on November 2.
The authors, Sonali Jain-Chandra and Filiz Unsal, suggest monetary policy transmission mechanisms in open economies could be impaired if interest rates are driven primarily by global factors, while the impact should be greater during periods of large capital inflows.
In Asia long-term interest rates are
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