Borradores de Economia
Number:
407
Published:
Classification JEL:
G21, E43, E44, E52
Keywords:
Monetary transmission mechanisms, Interest rate pass-through, Banking.
The most recent
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero
Elkin Navas-Diago, Jorge Quintero-Otero
Cristian David González-Téllez
Banks and other credit institutions are key players in the transmission of monetary policy, especially in emerging market economies, where the responses of deposit and loan interest rates to shifts in policy rates are among the most important channels. Th