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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Bibliographic Details
Main Authors: Mishra, Prachi (Author), Mishra, Prachi, 1975- (Author, (IMF staff)), Montiel, Peter J., 1951- (Author), Sengupta, Rajeswari (Author)
Other Authors: Montiel, Peter
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016
[Washington, D.C.] : [2016]
[Washington, District of Columbia] : 2016
Series:IMF Working Papers
IMF Working Papers; Working Paper ; No. 2016/167
IMF eLibrary
IMF working paper ; WP/16/167
Subjects:
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245 1 0 |a Monetary transmission in developing countries :  |b evidence from India /  |c prepared by Prachi Mishra, Peter Montiel, and Rajeswari Sengupta 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016 
264 1 |a [Washington, D.C.] :  |b International Monetary Fund,  |c [2016] 
264 1 |a [Washington, District of Columbia] :  |b International Monetary Fund,  |c 2016 
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500 |a At head of title: International Monetary Fund, Asia and Pacific Department 
500 |a Part of the IMF eLibrary collection 
500 |a "August 2016." 
504 |a Includes bibliographical references (pages 52-53) 
504 |a Includes bibliographical references 
506 |a Restricted for use by site license 
506 |a Restricted for use by site license.  
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 
588 |a Description based on online resource; title from PDF title page (ebrary, viewed October 19, 2016) 
588 |a Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016) 
588 |a Description based on print version record 
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650 7 |a Interest Rates: Determination, Term Structure, and Effects  |2 imf 
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650 7 |a Micro Finance Institutions  |2 imf 
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700 1 |a Montiel, Peter J.,  |d 1951-  |e author 
700 1 |a Montiel, Peter 
700 1 |a Sengupta, Rajeswari 
700 1 |a Sengupta, Rajeswari,  |e author 
710 2 |a International Monetary Fund  |b Asia and Pacific Department,  |e issuing body. 
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776 0 8 |i Print Version:  |a Mishra, Prachi  |t Monetary Transmission in Developing Countries: Evidence from India  |d Washington, D.C. : International Monetary Fund, 2016.  |z 9781475533569 
776 0 8 |i Print Version:  |a Mishra, Prachi  |t Monetary Transmission in Developing Countries: Evidence from India  |d Washington, D.C. : International Monetary Fund,2016  |z 9781475523966 
776 0 8 |i Print version:  |a Mishra, Prachi  |t Monetary transmission in Developing Countries : evidence from India.  |d [Washington, District of Columbia] : International Monetary Fund, c2016  |h 68 pages  |k IMF working paper ; WP/16/167.  |z 9781475523966 
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