Hidden Bibliographic Details
| Other authors / contributors: | Billmeier, Andreas, author.
International Monetary Fund. Middle East and Central Asia Department, issuing body.
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| ISBN: | 1283517558
9781283517553
9781451913019
145191301X
1462308392
9781462308392
1452739005
9781452739007
9786613830005
6613830003
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| Notes: | "December 2007."
At head of title: Middle East and Central Asia Department.
Includes bibliographical references (pages 41-43).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper examines the monetary transmission mechanism in Egypt against the background of the central bank's intention to shift to inflation targeting. It first describes the changing transmission channels over the last decade. Second, the channels are evaluated in a VAR model. The exchange rate channel plays a strong role in propagating monetary shocks to output and prices. Most other channels (bank lending, asset price) are rather weak. The interest rate channel is underdeveloped but appears to be strengthening since the introduction of the interest corridor in 2005, which bodes well for adopting inflation targeting over the medium term.
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| Other form: | Print version: Al-Mashat, Rania A. Monetary transmission mechanism in Egypt. [Washington, D.C.?] : International Monetary Fund, ©2007
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| Standard no.: | 10.5089/9781451913019.001
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