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161223 ||| eng |
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|a 9781513598796
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100 |
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|a Das, Sonali
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245 |
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|a Monetary Policy in India
|b Transmission to Bank Interest Rates
|c Sonali Das
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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300 |
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|a 33 pages
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651 |
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4 |
|a India
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653 |
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|a Depository Institutions
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653 |
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|a Interest rates
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653 |
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|a Credit
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Prime rates
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653 |
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|a Banks and banking
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653 |
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|a Monetary economics
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653 |
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|a Financial services
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653 |
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|a Saving and Capital Investment
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Micro Finance Institutions
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653 |
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|a Mortgages
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653 |
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|a Economic Development: Financial Markets
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653 |
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|a Money
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653 |
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|a Deposit rates
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653 |
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|a Repo rates
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653 |
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|a Banks and Banking
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653 |
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|a Bank credit
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653 |
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|a Banking
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Corporate Finance and Governance
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653 |
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|a Central bank policy rate
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781513598796.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2015/129/001.2015.issue-129-en.xml?cid=43018-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a 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 asymmetric adjustment to monetary policy: the lending rate adjusts more quickly to monetary tightening than to loosening. In addition, the speed of adjustment of deposit and lending rates to changes in the policy rate has increased in recent years
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