This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...

The world's economy is in crisis for over five years; consequently, many of the countries of this world are witnessing unprecedented fall in output, trade and employment since 2008; and India's economy is no exception. This study with the available sources of data finds that the decoupling...

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...