Islam, M. Shahidul; Rajan, Ramkishen S. - In: International Journal of Economics and Business Research 3 (2011) 5, pp. 557-575
This paper examines the role of bank lending channel of monetary policy in India during the global financial crisis, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA, this paper shows that following the Reserve Bank of...