Tramsission de la politique monétaire: le cas des pays de la CEMAC

Monetary policy transmission: the case of the CEMAC

Pamphile Mezui-Mbeng
Authors registered in the RePEc Author Service: Pamphile MEZUI MBENG ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article analyzes the process by which the monetary policy influences economies of the six countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 1980-2008. After having identified the channels of interest rate, credit and currency, we show that the monetary policy ended in differentiated effects on the economies of the sub-region. In particular, extent of the shocks on the variables of the monetary transmission led to important differences between the countries with short and long-term.

Keywords: monetary policy tranmission; VAR models; CEMAC (search for similar items in EconPapers)
JEL-codes: B22 C01 C51 E0 E01 E52 (search for similar items in EconPapers)
Date: 2010-08-27
New Economics Papers: this item is included in nep-afr and nep-mac
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https://mpra.ub.uni-muenchen.de/26110/1/MPRA_paper_26110.pdf revised version (application/pdf)

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