A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin

Aug 01, 2010 | I. Samake’ | IMF
This paper applies and extends a theoretical model built by Agénor and Montiel (2007) by exploring the effectiveness of government bonds and monetary policy in a small, open, credit-based economy with a fixed exchange rate.
Theme: Long-Term Finance and Capital Markets | Country: Benin | Pages: 26