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One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes in nominal variables do not have any impact on real variables. This paper studies the presence or...
Persistent link: https://www.econbiz.de/10009645208
When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates; and (b) the direct impact of exchange rate changes on output. The first pertains to the monetary...
Persistent link: https://www.econbiz.de/10005341684
The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5% of their net demand and time liabilities (NDTL). Statutory liquidity...
Persistent link: https://www.econbiz.de/10008537269
rational-expectations, microeconomic model of why the local crisis escalated into a general freeze in credit flows. It then …
Persistent link: https://www.econbiz.de/10004976651
Recognising the growing activity in the non deliverable forward (NDF) market in the recent years, the paper attempts to present a detailed analysis of the NDF market with special focus on Indian rupee. An attempt is made to study the interlinkages among the spot, forward and NDF markets for...
Persistent link: https://www.econbiz.de/10005699346
A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the …
Persistent link: https://www.econbiz.de/10005487642
In this context, higher education as well as research and development (R&D) have long since ceased to be purely the domain of the developed Western economies. Numerous regions of the world, some in the emerging markets in particular – the often-cited BRIC countries – are catching...
Persistent link: https://www.econbiz.de/10009653328
India represents a sharp contrast to China in the small size of its goods trade. Although India’s GDP is a third that … of China, its global trade is only about 12 percent as large while its trade with United States is less than 10 percent … as large. Even more striking, Japan’s trade with India is less than 5 percent of its trade with China. The large U …
Persistent link: https://www.econbiz.de/10005528184
The paper is aimed at exploring as to how such co-operatives (i) function and deal with members while delivering micro finance; (ii) mobilise funds, and (iii) get shaped and reshape the contents of members’ participation in them. Qualitative and quantitative data collected from the offices...
Persistent link: https://www.econbiz.de/10008512459
Certain trends in agricultural productivity, agricultural finance are outlined. Recommendations for improving agricultural productivity are given here. [Address at The National Seminar on Productivity in Indian Agriculture at CAB, Pune]. URL:[http://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=596].
Persistent link: https://www.econbiz.de/10009321506