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Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia

Author/Editor: Yasser Abdih, Adolfo Barajas, Ralph Chami, Christian Ebeke.

Release Date: April, 2012

Price: $18.00

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using more...

Inflation Targeting and Monetary Policy Transmission Mechanisms in Emerging Market Economies

Author/Editor: Sanchita Mukherjee, Rina Bhattacharya.

Release Date: October, 2011

Price: $18.00

In this paper we empirically examine the operation of the traditional Keynesian interest rate channel of the monetary policy transmission mechanism in five potential inflation targeting economies in more...