 | The Effective Lower Bound for the Policy Rate in Euroized Economies—An Application to the Case of Albania Author/Editor: Guido della Valle, Erald Themeli, Romain M Veyrune, Ezequiel Cabezon, Shaoyu Guo. Release Date:March, 2018 Based on the experience of the Bank of Albania, the paper proposes a framework to
estimate the interest rate lower bound in small, open, and euroized economies. The paper
introduces a more...
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