Interest rate pass-through in the Central African Economic and Monetary Community (CAEMC) area: Evidence from an ADRL analysis.
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چکیده
منابع مشابه
Interest Rate Pass-through in the Central African Economic and Monetary Community (CAEMC) Area: Evidence from an ADRL Analysis
This paper examines the monetary transmission mechanism in the countries of the Central African Economic and Monetary Community (CAEMC). Specifically, we focus on the very first step of this mechanism namely the interest rate pass-through from short-term interest rates towards long-term rates. Using an autoregressive distributed lag (ADRL) model, we show that there is evidence of a very low and...
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ژورنال
عنوان ژورنال: International Journal of Business and Management
سال: 2009
ISSN: 1833-8119,1833-3850
DOI: 10.5539/ijbm.v5n1p31