Financial intermediation and monetary policy in a small open economy

This paper analyses the role of a costly financial system in the transmission of monetary policy. The new-keynesian model for a small open economy is extended with a simple financial system based on Hamann and Oviedo (2006). The presence of the financial

Detalles Bibliográficos
Autor Principal: Prada-Sarmiento, Juan David
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2008
Acceso en línea: