The interest rate elasticity of credit demand and the balance sheet channel of monetary policy transmission in South Africa
It has long been accepted that changes in monetary policy have real economic effects; however, the mechanism by which these policy changes are transmitted to the real economy has been the subject of much debate. Traditionally the transmission mechanism of monetary policy has consisted of various cha...
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| Format: | Others |
| Language: | English |
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Rhodes University
2013
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| Online Access: | http://hdl.handle.net/10962/d1006482 |