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Monetary Transmission in Developing Countries : Evidence from India
Mishra, Prachi - 2016
We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find … transmission in India is therefore mixed, our results for India are more favorable than is often found for other developing …
Persistent link: https://www.econbiz.de/10012977800
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India's Banks : Lending to Productive Firms?
George, Siddharth; Kirti, Divya; Martinez Peria, Maria … - 2022
Capital misallocation is widely thought to be an important factor underpinning productivity and income gaps between advanced and emerging economies. This paper studies how well Indian banks allocate capital across firms with varying levels of productivity. The analysis reveals that the link...
Persistent link: https://www.econbiz.de/10013289450
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Feeling the Heat : Climate Shocks and Credit Ratings
Cevik, Serhan; Jalles, João Tovar - 2021
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign...
Persistent link: https://www.econbiz.de/10013250076
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Price and Income Elasticity of Indian Exports—The Role of Supply-Side Bottlenecks
Raissi, Mehdi - 2015
role of supply-side bottlenecks in shaping India's export demand relationship. We use disaggregated export volume data for …
Persistent link: https://www.econbiz.de/10013016589
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Does Inflation Slow Long-Run Growth in India?
Mohaddes, Kamiar - 2015
GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989-2013, and use the cross …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically … suggest the need for the Reserve Bank of India to balance the short-term growth inflation trade-off, in light of the long …
Persistent link: https://www.econbiz.de/10013028686
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The Effective Lower Bound for the Policy Rate in Euroized Economies - An Application to the Case of Albania
Della Valle, Guido - 2018
Based on the experience of the Bank of Albania, the paper proposes a framework toestimate the interest rate lower bound in small, open, and euroized economies. The paperintroduces a stylized monitoring tool to assess the unintended consequences of low policyrates. The paper is the first attempt...
Persistent link: https://www.econbiz.de/10012922627
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Shock Therapy! What Role for Thai Monetary Policy?
Alp, Harun - 2012
Thailand had to endure three major shocks during 2008-2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates...
Persistent link: https://www.econbiz.de/10013096276
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The Domestic Credit Supply Response to International Bank Deleveraging : Is Asia Different?
Aiyar, Shekhar S. - 2012
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...
Persistent link: https://www.econbiz.de/10013097285
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Inflation Responses to Commodity Price Shocks - How and Why Do Countries Differ?
Ustyugova, Yulia - 2012
This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The analysis suggests that economies with higher food shares in CPI baskets, fuel...
Persistent link: https://www.econbiz.de/10013098581
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Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries
Cevik, Serhan - 2012
This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...
Persistent link: https://www.econbiz.de/10013098603