Refine your search
Collections
Co-Authors
Journals
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Pathak, Neha
- Bank Credit and Aggregate Demand: Evidence on Monetary Policy Transmission
Abstract Views :444 |
PDF Views:1
Authors
Leena Kaushal
1,
Neha Pathak
2
Affiliations
1 Assistant Professor, GD Goenka World Institute, Lancaster University
2 Lecturer, GD Goenka World Institute, Lancaster University
1 Assistant Professor, GD Goenka World Institute, Lancaster University
2 Lecturer, GD Goenka World Institute, Lancaster University
Source
International Journal of Business Ethics in Developing Economies, Vol 1, No 2 (2012), Pagination: 6-15Abstract
This paper attempts to capture the influence of policy rate changes on demand for bank credit by the firms in India. The study intent to see the impact of change in monetary policy variable i.e., policy rate on the bank lending and deposit rates and further investigates the impact of changes in the bank credit on the real economic variable GDP. The pace and trend of economic activity is reflected by macroeconomic variables such as IIP, CPI/WPI, Exports and Stock price index which are thought to be the proximate measure of firms demand for bank credit . The paper also focus on the channels of transmission of monetary policy and studies interest rate channel impact "money view" and credit channel "credit view" by focusing on the total bank credit demand by the firms.Keywords
Macroeconomic Variables, Monetary PolicyReferences
- Bernanke, B. S. & Blinder, A. S. (1988). Credit, Money and Aggregate Demand. American Economic Review, May, pp. 435 - 39.
- Bernanke, B. S. & Blinder, A. S. (1992). The Federal Funds Rate and the Channels of Monetary Transmission. American Economic Review, September, pp. 901 - 21.
- Bernanke, B. (1993). How Important is the Credit Channel in the Transmission of Monetary Policy. Carnegie Rochester Series on Public Policy, 39, pp. 47 - 52.
- Bernanke, B. & Gertler, M. (1995). Inside the Black Box: The Credit Channel of Monetary Policy Transmission. Journal of Economic Perspectives, 9, pp. 27 - 48.
- Morris, S. C. & Sellon, G. H. Jr. (1995). Bank Lending and Monetary Policy: Evidence on a Credit Channel. Economic Review, Federal Reserve Bank of Kansas City, Second Quarter.
- Oliner, S. & Rudebush, G. (1996). Is There a Broad Credit Channel for Monetary Policy? Federal Reserve Bank of San Francisco.
- Pathak, B. V. (2010). The Indian Financial System: Markets, Institutions and Services (3rd ed.). India: Pearson Education Ltd.
- Pandit, B. L., Mittal, A., Roy, M. & Ghosh, S. (2006). Transmission of Monetary Policy and Bank Lending Channel in India. Mumbai: Reserve Bank of India, Development Research Group Study.
- Reserve Bank of India. (2010). Handbook of Statistics on Indian Economy. Mumbai: Reserve Bank of India.
- Vera, L. V. (2002). The Demand for Bank Loans in Venezuela - A Multivariate Co integration Analysis. Investigacion Economica, 62(245).
- Socio-Economics of Women's Mental Health in India
Abstract Views :386 |
PDF Views:0
Authors
Affiliations
1 Department of Psychology, University of Magadh, Bodhgaya, Bihar, IN
2 Department of Psychology, Banaras Hindu University, Varanasi, Uttar Pradesh, IN
1 Department of Psychology, University of Magadh, Bodhgaya, Bihar, IN
2 Department of Psychology, Banaras Hindu University, Varanasi, Uttar Pradesh, IN