Monetary policy transmission in EMs has been found to be weak historically due to under-developed financial markets and heavy central bank intervention in FX markets that undermine the exchange rate ...

This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for an unbalanced sample of 33 advanced and emerging market economies during the ...

The increase in non-banking finance companies’ (NBFCs) share in overall credit along with inter-connectedness with banks and financial markets have implications for monetary policy transmission, ...

Economic uncertainty has been elevated recently due to geopolitical conflicts and trade tensions. This blog post investigates whether, and how much, high economic uncertainty affects monetary policy ...

Over the years the responsibility of stabilization policy have increasingly been place on the shoulders of central banks. However, for central banks to deliver on this mandate their monetary policy ...