July 2024

Crawford School of Public Policy | Development Policy Centre | Seminar

Impact of excess reserves on monetary policy transmission in PNG

Thomas Wangi, Senior Research Fellow, National Research Institute

The accumulation of excess reserves in PNG’s banking system may have undesired implications on the effectiveness of monetary policy transmission. Thomas Wangi discusses his paper which employs a structural VAR model to measure flow-on effects of positive shocks to excess reserves and the lending rate.

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