Examination of the credit channel of monetary transmission in India : results from  response of commercial  bank' balance sheet to a monetary  policy stock

IIMA Institutional Repository

Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/624

Full metadata record

DC Field	Value	Language
dc.contributor.author	Virmani, Vineet	-
dc.date.accessioned	2009-12-12T12:08:12Z	-
dc.date.available	2009-12-12T12:08:12Z	-
dc.date.copyright	2004-09	-
dc.date.issued	2009-12-12T12:08:12Z	-
dc.identifier.uri	http://hdl.handle.net/11718/624	-
dc.description.abstract	In this study I present some evidence on the credit channel of monetary transmission in India. Using the set up of Bernanke and Blinder (1992) it is found that loans, investments and deposits of commercial banking system respond significantly to a monetary policy shock. Results to a positive shock to monetary base are as expected. Investments respond almost immediately and then taper whereas deposits permanently settle at a higher level. Loans respond more slowly and are seen to move contemporaneously with output after a lag of 8-12 months.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1843	-
dc.subject	monetary transmission- India	en
dc.subject	Monetary policy stock	en
dc.title	Examination of the credit channel of monetary transmission in India : results from response of commercial bank' balance sheet to a monetary policy stock	en
dc.type	Working Paper	en
Appears in Collections:	Working Papers

Files in This Item:

File	Description	Size	Format
WP 2004_1843.pdf		623.75 kB	Adobe PDF	View/Open