Republic of Moldova: Selected Issues

Publication Date:

April 25, 2008

Electronic Access:

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Summary:

The first section of this paper is an attempt to examine the interest rate channel of monetary policy transmission in Moldova and to estimate the strength and the speed of the interest rate pass-through. The next section provides a background on Moldovan financial markets, liquidity conditions, and the current framework of monetary policy. The following section sets out the formal model used to estimate the strength and the speed of the pass-through, and the last session discusses results.

Series:

Country Report No. 2008/134

Subject:

English

Publication Date:

April 25, 2008

ISBN/ISSN:

9781451825145/1934-7685

Stock No:

1MDAEA2008003

Pages:

80

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