The Transmission Mechanisms for Monetary Policy: The Case of Emerging Countries

Saoussen Ouhibi and Sami Hammami
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Saoussen Ouhibi: University of Sfax, Tunisia.
Sami Hammami: University of Sfax, Tunisia.

International Journal of Economics and Empirical Research (IJEER), 2015, vol. 3, issue 12, 568-576

Abstract: Purpose: This paper analyses the monetary policy transmission in the experience of four emerging countries (Chili, Russia, Mexico and Turkey).Methodology: The paper uses the vector autoregressive model (VAR). Findings: The result of the empirical study is that exchange rate channel is effective for the monetary policy transmission mechanism in Turkey. In Russia, Chile and Mexico this channel is low. Recommendations: The interest rate channel is particularly limited in all countries.

Keywords: Monetary policy; Transmission mechanism; Emerging countries (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ijr:journl:v:3:y:2015:i:12:p:568-576

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