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Commercial Banks and Monetary Policy in India (Hardback)
  • Commercial Banks and Monetary Policy in India (Hardback)
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Commercial Banks and Monetary Policy in India (Hardback)

£38.50
Hardback Published: 28/02/2009
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Set against a backdrop of financial-sector reforms in India, this analysis explores theories and empirical evidence regarding the behavior of commercial banks and their reactions to centralized monetary policy. A comprehensive account of the credit channels of monetary transmission is presented along with observations of the modified IS-LM model within the independent banking sector. Progressive issues such as future consolidation of the banking sector are also addressed. Ultimately, not all commercial banks react uniformly to monetary policy, as ownership, size, liquidity, and capitalization play key roles in determining individual responses.

Publisher: Academic Foundation
ISBN: 9788171886357
Weight: 612 g
Dimensions: 235 x 159 x 23 mm


MEDIA REVIEWS

"A careful study of an important aspect of the monetary transmission mechanism through the credit channel." --Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata


"This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." --Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi


"An important contribution to the extant literature." --Dr. Rakesh Mohan, deputy governor, Reserve Bank of India

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