Monetary Transmission in Brazil: Has the Credit Channel Changed?

WPIEA2013251 Image
Price:  $18.00

Author/Editor: Mercedes Garcia-Escribano
Release Date: © December, 2013
ISBN : 978-1-48431-200-1
Stock #: WPIEA2013251
Stock Status: On back-order

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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.


Economic policy , Monetary policy

More publications in this series: Working Papers

More publications by: Mercedes Garcia-Escribano