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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Yu-Meng Gu

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Oct 2026

Monetary Policy Transmission Through Banking

This paper examines monetary policy transmission to bank lending and deposit rates in Eswatini under a pegged exchange rate regime. Using local projections, it finds that pass-through is driven primarily by the South African Reserve Bank policy rate, while changes in the CBE discount rate have limited effects on deposi...

Yu-Meng Gu · 0 citations

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