cam a22 2 b4500 53014560X CHVBK 20201027044638.0 m d cr |n |||||||| 130723e20110401dcu s|||| 0 |eng|d 978-1-4552-3409-7 1-4552-3409-5 (Trade Paper) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001178918 (WaSeSS)ssj0001178918 BIP US WaSeSS International Monetary Fund Author Monetary Transmission in Dollarized and Non-Dollarized Economies [Elektronische Daten] The Cases of Chile, New Zealand, Peru and Uruguay Washington International Monetary Fund April 2011 1 online resource (21 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation 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--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. http://elibrary.imf.org/view/IMF001/11779-9781455234097/11779-9781455234097/11779-9781455234097.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 110 2- International Monetary Fund Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/11779-9781455234097/11779-9781455234097/11779-9781455234097.xml Volltext frei zugänglich