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Czech Republic Selected Issues and Statistical Appendix

The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM)...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Credit
Banks
Econometric Analysis
Dynamic Treatment Effect Models
Banks And Banking
Monetary Economics
Currency; Foreign Exchange
Micro Finance Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Diffusion Processes
Mortgages
Nominal Effective Exchange Rate
Vector Autoregression
Money
Time-series Models
Foreign Exchange
Bank Credit
Banking
Dynamic Quantile Regressions
Econometrics
Exchange Rates
Econometrics & Economic Statistics
Money And Monetary Policy
Czech Republic
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The analysis is structured around the standard taxonomy of transmission channels. A monetary tightening must limit banks' ability to supply loans by reducing bank reserves/bank credit. The direct interest rate channel is the strongest channel of the monetary policy transmission mechanism (MPTM), but the exchange rate channel is weak. The government has started addressing the institutional impediments constraining credit to domestic enterprises. Joining the European economic and monetary unit will strengthen the pass-through from policy rates to lending rates
Physical Description:56 pages
ISBN:9781451810134

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