Monetary transmission in low-income countries: an overview

Peter Montiel

ILO Working Papers from International Labour Organization

Abstract: The paper starts with the premise that, throughout the world, monetary policy has come to bear primary responsibility for short-run macroeconomic stabilization. In order to perform this function, however, monetary policy must have the capacity to exert a reliable influence on aggregate demand. This is known as the monetary policy transmission mechanism.

Keywords: monetary system; banking; credit.; low income.; monetary policy; système monétaire; activité bancaire; crédit; faible revenu; politique monétaire; sistema monetario; actividad bancaria; crédito; bajos ingresos; política monetaria (search for similar items in EconPapers)
Pages: 23 pages
Date: 2015
New Economics Papers: this item is included in nep-mon
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Published in Employment working paper series

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Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:994881153402676

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