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Monetary Policy Transmission Mechanism in the SEACEN Countries

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  • The SEACEN Centre

Abstract

Given a well-functioning domestic financial system, monetary policy can exert a substantial influence on aggregate demand and thus the price level. However, in the last two to three decades, liberalization of trade, investment and financial transactions have been increasing rapidly resulting in the further integration of global financial markets and the domestic economies. These developments have challenged the effectiveness of the transmission of monetary policy. This study assesses the monetary policy transmission mechanism of the respective SEACEN economies by applying empirical research.

Suggested Citation

  • The SEACEN Centre, 2016. "Monetary Policy Transmission Mechanism in the SEACEN Countries," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp99.
    • Handle: RePEc:sea:rstudy:rp99
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    File URL: https://www.seacen.org/publications/RePEc/702003-100415-PDF.pdf
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