Monetary Policy and Corporate Behavior in India »
Journal Issue
Volume/Issue: 2005/25
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2005
DOI: http://dx.doi.org/10.5089/9781451860443.001
ISBN: 9781451860443
Keywords: ownership, bank debt, central bank, bank borrowings, bank borrowing,
The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall...