Series: IMF Working Papers
Author(s): Sonali Das
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 June 2015
Keywords: Monetary policy transmission, deposit rates, monetary policy, interest, interest rates, lending, bank interest rates, Monetary Policy (Targets, Instruments, and Effects),
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-throug...