- New releases
- Statistical data
- IMF research
- How to order
- Contact us
- Useful links
Monetary Transmission in Brazil: Has the Credit Channel Changed?
Author/Editor: Mercedes Garcia-Escribano
Release Date: © December, 2013
ISBN : 978-1-48431-200-1
Stock #: WPIEA2013251
Stock Status: On back-order
Languages and formats available
This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that monetary transmission through lending volumes was not impaired. Instead, the observed diminished lending appears to be related to supply and demand factors, as well as to the rapid expansion of public banks’ lending.
More publications in this series: Working Papers
More publications by: Mercedes Garcia-Escribano