The results show that our external debt indicators are still vulnerable if we compare them with the benchmark 2004. Having clawed back after a major threat to its sovereign ratings last year, India's policy makers now need to consolidate.Mishra, Sunita...
Mohan R (2007): "Capital account liberalization and conduct of monetary policy: the Indian Experience", BIS Review 66/2007, 2007.Mohan, Rakesh, 2009, "Capital Account Liberalization and Conduct of Monetary Policy: the Indian Experience," Macroeconomics and Finance in Emerging Market Economies 2, ...
What Hoenig correctly worries about (and what George Will is writing about) is the problem of a boom-bust monetary policy. Politicians like the sugar high the economy gets when the central bank creates excess money. But that excess money creation inevitably causes bad things such as higher pric...
We also show that financial repression, in the form of a statutory liquidity ratio and administered interest rates, does not weaken monetary transmission, which is contrary to the consensus view in policy discussions on Indian monetary policy. Our framework is general enough to be relevant for the...
How does a central bank handle the payment of bonds it bought during the expansionary monetary policy? If I were the RBI Governor, what monetary policy changes should I make? How do central banks set their target inflation rates? Money circulation in Indian economy, how does RBI decide if it...
Monetary policy is a policy used by a country's central bank, like the Federal Reserve in the United States or the Central Bank of India, to influence the money supply to achieve a macroeconomic objective like consumption, inflation, growth, and liqui...
24 to show that Hawtrey denied that monetary policy could counter the Depression. A moderate trade depression can be cured by cheap money. The cure will be prompter if a low Bank rate is reinforced by purchases of securities in the open market by the Central Bank. But so long as the ...
However, much less is known about the effects of monetary policy on stock market liquidity, and whether the impact of monetary policy on market liquidity is influenced by prevailing market sentiment. Using data from the order-driven Indian stock market we try to address these two important issues...
Paper Presented at the RBI/IGIDR Fifth Annual Conference on Money and Finance in the Indian Economy, Mumbai. India. pp 1 - 13KHAN, M. S. (2003). "Current Issues in the Design and Conduct of Monetary Policy". Working Paper 03/56. Washington, DC: International Monetary Fund (www.imf....
Hence, it is also difficult to formulate the policy suitable for the economy. In this context, financial variables, expected to have information about future path of the economy, come as a savior to forecast GDP growth, particularly the downside risk to growth. As against the above backdrop,...