The monetary transmission mechanism in Egypt

Abstract EN

The views expressed herein are those of the authors and should not be interpreted as those of the International Monetary Fund, its Executive Board, or its management, or those of the Central Bank of Egypt.

This paper was also published as IMF Working Paper no.

07 / 285.

The authors would like to thank: Klaus Enders, Nadeem Ilahi, Lorenzo Pérez, Cyrus Sassanpour, as well as Shereen Fahmy, Ahmed Nos’hy, Nagla Nozahy, Sherifa Rahmy, and other seminar participants at the Central Bank of Egypt for very helpful comments; the Egyptian Information and Decision Support Center (IDSC) and Tarek Moursi and his colleagues for sharing their data; and Estefanía Fallas and Kadia Kebet for careful editing.

All remaining errors are those of the authors.