Author/Editor: Bin Grace Li, Stephen A O'Connell, Christopher Adam, Andrew Berg, Peter Montiel.

Release Date:April, 2016

VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions more...

Author/Editor: Tümer Kapan, Camelia Minoiu.

Release Date:May, 2013

We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy. Using data from the syndicated loan market, we exploit variation in banks’ more...