Coverart for item
The Resource Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay, Santiago Acosta-Ormachea and David Coble

Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay, Santiago Acosta-Ormachea and David Coble

Label
Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay
Title
Monetary transmission in dollarized and non-dollarized economies
Title remainder
the cases of Chile, New Zealand, Peru and Uruguay
Statement of responsibility
Santiago Acosta-Ormachea and David Coble
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and Uruguay. It is shown that the traditional interest rate channel is effective in Chile and New Zealand. For Peru and Uruguay, the exchange rate channel is instead more relevant in the transmission of monetary policy. This latter result follows from the limited impact of the policy rate in curbing inflationary pressures in these two countries, in combination with the fact that they have a relatively large and persistent exchange rate pass through. Finally, it is shown that the on-going de-dollarization process of Peru and Uruguay has somewhat strengthened their monetary transmission through the interest rate channel
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Acosta Ormaechea, Santiago Leonardo Enrique
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
  • HG201
  • HG3881.5.I58
LC item number
  • .A26 2011 ONLINE
  • W67 No. 11/87 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Coble F., David
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/11/87
http://library.link/vocab/subjectName
  • Dollarization
  • Transmission mechanism (Monetary policy)
Label
Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay, Santiago Acosta-Ormachea and David Coble
Instantiates
Publication
Copyright
Note
  • "April 2011."
  • At head of title: Western Hemisphere
  • Title from PDF title page (IMF website, viewed November 29, 2011)
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Key Stylized Facts; 1. Volatility of Selected Variables; 2. Inflation and Policy Rate; 1. Selected Macroeconomic Indicators; 2. Actual Inflacion, Expected Inflation, Target Bands and Policy Rates; III. The Interest Rate Pass Through; 3. Local-Currency Deposit and Lending Rates, and Policy Rate; 3. Pass-Through from the Money Market Rate to the Deposit Rate; 4. Pass-Through from the Money Market Rate to the Lending Rate; IV. Empirical Analysis of the Transmission of Monetary Policy
  • 4. Impulse Response Functions to a 100 Basis Points Increase in the Policy Rate5. Impulse Response Functions to a 10 Percent NEER Depreciation; V. The Role of Financial Factors in the Transmission of Monetary Policy; 5. Financial System Indicators; 6. Credit to the Private Sector and Inflation Response to a Policy Shock; 7. Credit and Deposits in Domestic Currency and Inflation Response to a Policy Shock; VI. Concluding Remarks; Annex 1; References; Footnotes
Control code
765305860
Extent
1 online resource (22 pages)
Form of item
online
Isbn
9781462391936
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781455234097.001
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2011087
  • (IMF)WPIEA2011087
  • (OCoLC)765305860
Label
Monetary transmission in dollarized and non-dollarized economies : the cases of Chile, New Zealand, Peru and Uruguay, Santiago Acosta-Ormachea and David Coble
Publication
Copyright
Note
  • "April 2011."
  • At head of title: Western Hemisphere
  • Title from PDF title page (IMF website, viewed November 29, 2011)
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Key Stylized Facts; 1. Volatility of Selected Variables; 2. Inflation and Policy Rate; 1. Selected Macroeconomic Indicators; 2. Actual Inflacion, Expected Inflation, Target Bands and Policy Rates; III. The Interest Rate Pass Through; 3. Local-Currency Deposit and Lending Rates, and Policy Rate; 3. Pass-Through from the Money Market Rate to the Deposit Rate; 4. Pass-Through from the Money Market Rate to the Lending Rate; IV. Empirical Analysis of the Transmission of Monetary Policy
  • 4. Impulse Response Functions to a 100 Basis Points Increase in the Policy Rate5. Impulse Response Functions to a 10 Percent NEER Depreciation; V. The Role of Financial Factors in the Transmission of Monetary Policy; 5. Financial System Indicators; 6. Credit to the Private Sector and Inflation Response to a Policy Shock; 7. Credit and Deposits in Domestic Currency and Inflation Response to a Policy Shock; VI. Concluding Remarks; Annex 1; References; Footnotes
Control code
765305860
Extent
1 online resource (22 pages)
Form of item
online
Isbn
9781462391936
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781455234097.001
Other physical details
illustrations
Specific material designation
remote
System control number
  • imfWPIEA2011087
  • (IMF)WPIEA2011087
  • (OCoLC)765305860

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