Interest Rate Pass-Through in a Small Open Economy with a Fixed Exchange Rate - The Case of Macedonia
Jane Bogoev,Goran Petrevski +1 more
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TL;DR: In this paper, the authors examined the effectiveness and stability of interest rate pass-through in a small open economy with fixed exchange rate focusing on Macedonia during the period of transition, including the recent economic recession.
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About: This article is published in Procedia - Social and Behavioral Sciences. The article was published on 01 Jan 2012. and is currently open access. The article focuses on the topics: Interest rate channel & Floating interest rate.
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Citations
Financial development, interest rate pass-through and interest rate channel of monetary policy
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Interest Rate Pass-Through and Monetary Transmission in Lebanon Loan Market
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Interest Rate Pass‐through in Malawi: Implications for the Effectiveness of Monetary Policy
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TL;DR: In this paper, an autoregressive distributed lag model is used to investigate the pass-through of interest rates in Malawi and its implications on monetary policy effectiveness, showing that there is a near-complete passthrough to the lending rate but not the savings rate.
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