Monetary Transmission in Developing Countries : Evidence from India /

We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find that a tightening of monetary policy is associated with a significant increase in bank lending rates and conventional effects on the exchange rate, though pass-through to lending rates...

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מידע ביבליוגרפי
מחבר ראשי: Mishra, Prachi
מחברים אחרים: Montiel, Peter, Sengupta, Rajeswari
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2016.
סדרה:IMF Working Papers; Working Paper ; No. 2016/167
גישה מקוונת:Full text available on IMF
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100 1 |a Mishra, Prachi. 
245 1 0 |a Monetary Transmission in Developing Countries :   |b Evidence from India /  |c Prachi Mishra, Peter Montiel, Rajeswari Sengupta. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (68 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find that a tightening of monetary policy is associated with a significant increase in bank lending rates and conventional effects on the exchange rate, though pass-through to lending rates is only partial and exchange rate effects are weak. We could find no significant effects on real output or the inflation rate. Though the message for the effectiveness of monetary transmission in India is therefore mixed, our results for India are more favorable than is often found for other developing countries. 
538 |a Mode of access: Internet 
700 1 |a Montiel, Peter. 
700 1 |a Sengupta, Rajeswari. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/167 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/167/001.2016.issue-167-en.xml  |z IMF e-Library