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QUESTION
(a) Compare and contrast the two major transmission channels that characterizes the credit view.
(b) Discuss which asset price channel of transmission of monetary policy is gaining importance in the era of globalization.
(c) Explain the mechanisms of the equity price channels.
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QUESTION (a) Compare and contrast the two major transmission channels that characterizes the credit view. (b) Discuss which asset price channel of transmission of monetary p
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