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Monetary policy transmission mechanism in Samoa


T.K., Jayaraman and Dahalan, Jauhari (2007) Monetary policy transmission mechanism in Samoa. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)

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Abstract

In recent years, Samoa has emerged to be the most successful economy amongst all Pacific island countries. Its achievements of low inflation and high growth rates were due to sustained fiscal adjustment and appropriate monetary policy measures. This paper undertakes an empirical study of transmission mechanism of monetary policy by adopting a VAR approach and using quarterly data over a 17-year period (1990-2006). The study findings are that money and exchange rate channels are important channels in transmitting monetary impulses to Samoa’s real sector, followed by credit and interest rate channels.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by Faculty of Economics, Universiti Utara Malaysia
Uncontrolled Keywords: Monetary Policy, Transmission Mechanism, Monetary aggregate, Bank Lending, South Pacific, South Pacific, Samoa
Subjects: H Social Sciences > HJ Public Finance
Divisions: College of Arts and Sciences
Depositing User: Mrs. Juwita Johari
Date Deposited: 24 Feb 2011 01:20
Last Modified: 24 Feb 2011 01:20
URI: http://repo.uum.edu.my/id/eprint/2565

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