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Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising given Mong
Autor:
Iimi, Atsushi, Ojima, Yasuhisa
Publikováno v:
In Journal of The Japanese and International Economies 2008 22(1):109-141
This paper explores the extent to which macroprudential tools can be used to manage banking sector risks in Mongolia, a commodity producing country exposed to both procyclical and cross-sectional financial sector risks. Loose fiscal policy, rising cr