The study found that high levels of inclusion in Ghana's financial space is essential to increasing the sensitivity of inflation and output to interest rate changes. Thus, making financial inclusion a key requirement for the effectiveness of monetary policy in Ghana is crucial. These results imply...
The effectiveness of monetary policy in Ghana has been questionable with the advent of mobile money activities, which are gradually replacing some of the roles of commercial banks. This study investigates the effects of mobile money transactions on Ghanaian commercial banks' credit-to-deposit ratio an...
We summarize the results of research done at the Federal Reserve to clarify these issues for the United States and consider the availability and effectiveness of alternative policy tools when the nominal interest rate is at the zero bound. 展开 关键词:...
Announcements and the effectiveness of monetary policy: A view from the US prime rate - ScienceDirect Announcements and the effectiveness of monetary policy: A view from the US prime ratePrime rateFederal funds ratePolicy transmission... Teruyoshi,Kobayashi - 《Journal of Banking & Finance》 被引...
The review, programmed for one day, was organized around three major unifying and interdependent themes: - accelerated growth and the issue of population growth; - poverty trends and the achievement of the Millennium Development Goals (MDGs); and - the issue of aid financing and effectiveness. ...
Monetary policy had a comparatively smaller role in offsetting the downturns in activity at those episodes. Net taxes have, however, suffered a marked lost of effectiveness in recent decades. 展开 关键词: fiscal policy monetary policy stabilization structural vector autoregression ...
The results revealed that financial development strengthens the effectiveness of monetary policy on economic growth in Ghana. The study therefore recommended that Bank of Ghana should further deepen financial sector development and improve on the competitiveness of financial markets in order to improve on...
monetary policyoutputtrade opennessThe study employed a Structural VAR model, using monthly time series data from 2002 to 2017 to assess the relationship between trade openness and effectiveness of monetary policy in Ghana. The empirical results revealed that as the degree of trade openness increases,...
Therefore, we explore in-sample and out-of-sample macro-volatility spillovers to determine the effectiveness of monetary policy and also ascertain the relevance of the exchange rate in Ghana's interest rate setting at both time and multiscale domains. The study reveals scale-dependent ...
Financial Innovation and Effectiveness of Monetary Policy This paper examines the effectiveness of monetary policy in changing financial environments fostered by financial innovations. Financial innovation can mak... PK Mishra,BB Pradhan - 《Ssrn Electronic Journal》 被引量: 25发表: 2008年 Financial inno...