Monetary Policy in India : Transmission to Bank Interest Rates /
This paper provides new evidence on the credit channel of monetary policy transmission in India. Using stepwise estimation of vector error correction models, the analysis finds significant, albeit slow, pass-through of policy rate changes to bank interest rates in India. There is evidence of asymmet...
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2015/129 |
| Accesso online: | Full text available on IMF |