Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization

The Role of Banks and the Effects of Financial Globalization

Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization
Given the heavy reliance on bank lending as the main source of financing in most Asian economies, banks could potentially play a pivotal role in monetary policy transmission. However, we find that Asia's bank lending channel or, more broadly, credit channel of domestic monetary policy is not very strong at the aggregate level. Using bank-level... READ MORE...

Publication date: September 2015
ISBN 9781513516233
$18.00

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