Finance sector balance sheets vital for monetary policy transmission, IMF paper shows
The balance sheets of commercial banks, asset-backed-security (ABS) issuers and money market funds act as important links in the monetary policy transmission mechanism, a recent International Monetary Fund policy paper shows.
In their paper, Monetary Policy and Balance Sheets, authors Deniz Igan, Alain Kabundi, Francisco Nadal De Simone and Natalia Tamirisa say: "The balance sheets of financial intermediaries – such as commercial banks, asset-backed-security issuers and, to a lesser extent
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