000 01130pab a2200205 454500
008 180718b2003 xxu||||| |||| 00| 0 eng d
100 _aGhosh, Saibal
245 _aBanks, development financial institutions and credit markets in India: a model of financial intermediation
260 _c2003
300 _ap.77-93.
362 _aJan-Jun
520 _aThe present paper examines the interaciton between a bank and a development financial institution (DFIs) in a macroeconomic set-up both of whom can lend for working capital and investment finance purposes. Our analysis reveals that the reduction in the interest rate premium on bounds over the deposit rate is an important pre-requisite for the DFI to raise its market share in both investment finance and working capital lending. Also, greater corporate access to bond financing raises investment, output and the bond rate of interest. - Reproduced.
650 _aFinancial markets - India
650 _aCredit - India
650 _aFinancial institutions - India
650 _aBanks - India
650 _aBanks
773 _aIndian Economic Review
909 _a65411
999 _c65411
_d65411