Banks And Monetary Shocks In Emerging Markets” How Far Can We Go With The “Credit View”?

Topics:
Commercial Lending
Tags:
Bank,
Banking,
Emerging Market,
Financial Services,
IMF,
Marketing,
Marketing Research
Source:
International Monetary Fund

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Overview: This paper examines the propagation of monetary shocks in a two good optimizing macro model where domestic banking activity is costly and the non-tradable sector is highly dependent on domestic bank credit, as in most emerging market transmission. The model develops the bernanke-blinder “credit view” of the monetary transmission mechanism along classical lines. Thus, by using the numerical simulations, it shows that such a relative simple model goes a long way towards explaining some key “stylized facts” of recent financial crises.

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Format: PDF | Size: 1,147KB | Date: Mar 2000 | Pages: 38

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