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_a Ansari, Jugnu and Ghosh, Saibal _933342 |
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| 245 | _aMonetary policy pass-through, ownership and crisis: How robust is the indian evidence? | ||
| 260 | _aMargin: The Journal of Applied Economic Research | ||
| 300 | _a15(4), Nov, 2021: p.456-483 | ||
| 520 | _aEmploying disaggregated data for 2001–2016, this study investigates the lending and loan pricing behaviour of state-owned and domestic private banks in response to monetary policy. Three major findings emerge. First, although both the interest rate and the bank lending channels are relevant for monetary pass-through, there is a trade-off: the impact of the former is much higher than the latter, although it occurs with a significant lag. Second, domestic private banks have a far greater response to a monetary policy shock under the interest rate channel, whereas state-owned banks display a greater response under the bank-lending channel. And finally, state-owned banks cut back lending during periods of crises, although no such response is manifest in domestic private banks. – Reproduced | ||
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_aInterest rate, Bank lending channel, Monetary pass-through, Capital, Liquidity. _931432 |
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| 773 | _aMargin: The Journal of Applied Economic Research | ||
| 906 | _aMONETARY POLICY | ||
| 942 | _cAR | ||