It takes the average reader and 26 minutes to read Monetary Policy Transmission Mechanisms in Pacific Island Countries by Mr.Jonathan C. Dunn
Assuming a reading speed of 250 words per minute. Learn more
During the global financial crisis, central banks in Pacific island countries eased monetary policy to stimulate economic activity. Judging by the ensuing movements in commercial bank interest rates and private sector credit, monetary policy transmission appears to be weak. This is confirmed by an empirical examination of interest rate pass-through and credit growth. Weak credit demand and underdeveloped financial markets seem to have limited the effectiveness of monetary policy, but the inflexibility of exchange rates and rising real interest rates have also served to frustrate the central banks’ efforts despite a supporting fiscal policy. While highlighting the importance of developing domestic financial markets in the long run, this experience also points to the need to coordinate macroeconomic policies and to use all macroeconomic tools available in conducting countercyclical policies, including exchange rate flexibility.
Monetary Policy Transmission Mechanisms in Pacific Island Countries by Mr.Jonathan C. Dunn is 26 pages long, and a total of 6,656 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Monetary Policy Transmission Mechanisms in Pacific Island Countries aloud.
Monetary Policy Transmission Mechanisms in Pacific Island Countries is suitable for students ages 8 and up.
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