Bank lending channel of monetary policy transmission: India and the global financial crisis
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 India's aggressive monetary easing measures, bank credit growth in India maintained robust growth even in the midst of severe global financial crisis. However, there is a clear distinction between the private and public sector bank's lending behaviour. The crisis has clearly shown that banks will remain an important channel of monetary transmission in India.
Volume (Year): 3 (2011)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID==310|
When requesting a correction, please mention this item's handle: RePEc:ids:ijecbr:v:3:y:2011:i:5:p:557-575. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If references are entirely missing, you can add them using this form.