MONETARY TRANSMISSION IN DEVELOPING ECONOMIES
MONETARY TRANSMISSION IN DEVELOPING ECONOMIES
April 17-18, 2025
Conference Highlights
Conference Schedule
Thursday, April 17
Friday, April 18
Thursday, April 17
Location: Faculty Club
Plenary: Title TBD
Şebnem Kalemli-Özcan, Brown University
Location: Griffin Hall, Room 3 / Zoom
Friday, April 18
Camelia Minoiu (Federal Reserve Bank of Atlanta)
Title: Bank responses to monetary policy: Recent evidence from in developing countries
Abstract: Recent studies of monetary policy in developing countries document a weak bank lending channel based on aggregate data. In this research project, we present new evidence based on unanticipated variation in monetary policy and leveraging administrative bank-firm lending data from Uganda. We show that a monetary contraction reduces bank credit supply---increasing loan application rejections and tightening loan volume and rates---especially for banks with more leverage and sovereign debt exposure. We also document spillovers of the monetary contraction on inflation and economic activity---including construction permits and trade---and even social unrest.
The Role of Bank & Firm Heterogeneity in the Transmission of Monetary Policy in Emerging Markets
Name: Title
Andres Drenik
U of Texas, Austin
Title: Dollarization: Facts and Monetary Policy Challenges in Emerging Markets
Abstract: TBD
Location: Faculty Club
Roberto Chang (Rutgers U)
Inflation Targeting and Beyond: Refining Monetary Policy Frameworks
Abstract: TBA
Eli M. Remolona, Central bank of Philippines
CLOSING PLENARY
Final Remarks
Susie Godlonton
Williams College
Location: Griffin Hall, Room 3
Location: Griffin Hall, Room 3