Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization »
Series: IMF Working Papers
Author(s): Nasha Ananchotikul , and Dulani Seneviratne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 September 2015
Keywords: Monetary policy transmission, bank lending channel, financial globalization, bank, lending, credit, banking, General, Monetary Policy (Targets, Instruments
Given the heavy reliance on bank lending as the main source of financing in most Asian economies, banks could potentially play a pivotal role in monetary policy transmission. However, we find that Asia's bank lendi...