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Lending rate stickiness and monetary transmission mechanism: the case of Canada and the United States

✍ Scribed by Moazzami, Bakhtiar

Book ID
120416890
Publisher
Taylor and Francis Group
Year
1999
Tongue
English
Weight
147 KB
Volume
9
Category
Article
ISSN
0960-3107

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## Abstract The focus in this paper is on the monetary transmission mechanism in Italy and how it has changed with the increased independence of the Italian Central Bank and the increasingly fixed exchange rates of the ERM. The sample period 1974–1994 is divided into two parts approximately corresp