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Repo Market – A Tool to Manage Liquidity in Financial Institutions

Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2013

Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility … (LAF) which allows banks and Primary Dealers to manage their liquidity needs. Liquidity stress in the market has an impact …-bank uncollateralized call market and the call rates are prone to liquidity shocks in the system. The spread between Call and Repo rates is …

Persistent link: https://www.econbiz.de/10011260388

Firm Characteristics, Financial Composition and Response to Monetary Policy: Evidence from Indian Data

Ghosh, Saibal - Volkswirtschaftliche Fakultät, … - 2010

The article examines the evidence for credit channel on the composition of corporate finance during tight and loose periods of monetary policy, using micro-level data on Indian firms for 1995-2007. The findings provide evidence in favor of the relationship lending view, although the magnitude...

Persistent link: https://www.econbiz.de/10008615022

Monetary Policy and the Credit Channel: Evidence from India

Bose, Sukanya - Volkswirtschaftliche Fakultät, … - 2001

Credit channel of monetary transmission mechanism provides an alternative transmission channel of monetary shock through the asset side of the banking system. Based on the literature on market imperfection, it presents some appealing arguments on supply side effects of innovations in monetary...

Persistent link: https://www.econbiz.de/10008833285

Does monetary policy matter for corporate governance? Firm-level evidence for India

Ghosh, Saibal; Sensarma, Rudra - Volkswirtschaftliche Fakultät, … - 2004

The paper assembles data on over 1,000 manufacturing and services firms in India for the entire post-reform period from 1992 through 2002 to examine the association between corporate governance and monetary policy. The findings suggests that (a) public firms are relatively more responsive to a...

Persistent link: https://www.econbiz.de/10008476391

Basel II and bank lending behavior: some likely implications for monetary policy

Nachane, Dilip; Ghosh, Saibal; Ray, Partha - Volkswirtschaftliche Fakultät, … - 2006

the relative liquidity of banks’ balance sheets. The basic model is empirically explored using data on Indian commercial …

Persistent link: https://www.econbiz.de/10005089348

Monetary policy and bank behavior: Empirical evidence from India

Ghosh, Saibal - Volkswirtschaftliche Fakultät, … - 2006

The paper develops an empirical model to explore the role that bank characteristics play in influencing the monetary transmission process. Employing data on Indian commercial banks for the period 1992-2004, the findings indicate that for banks classified according to size and capitalization, a...

Persistent link: https://www.econbiz.de/10005015588

Structure versus Agency in the Great Deprivation of 21st Century

Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2009

Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...

Persistent link: https://www.econbiz.de/10005619598