Financial Frictions and Unconventional Monetary Policy in Emerging Economies
NBER Working Paper No. 21955
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Prepared for the 2015 IMF Annual Research Conference. We are grateful for comments and suggestions from Marcos Chamon and participants of seminars at CREI (Pompeu Fabra) and the Central Bank of Austria. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.