Series: IMF Working Papers
Author(s): Ila Patnaik , Ajay Shah , and Rudrani Bhattacharya
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2011
Keywords: Monetary policy transmission, exchange rate, inflation, exchange rate pass, monetary transmission,
Some emerging economies have a relatively ineffective monetary policy transmission owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, s...