Interest rate transmission of monetary policy: India perspective

Authors

Pratik Amrutkar, Indian Institute of Management BangaloreFollow
Swapnil Joshi, Indian Institute of Management BangaloreFollow
Sankarshan Basu, Indian Institute of Management BangaloreFollow

Document Type

Article

Publication Title

GLIMS Journal of Management Review and Transformation

Abstract

The workings of monetary policy have often been construed as a “black box.” Not only does the nature of transmission channels vary across the economies, the significance and dominance of one channel over another is also a function of the nature and developmental stage of the economy under consideration. In this article, we attempt to understand the different channels of monetary policy operation and study which is(are) the dominant channel(s) in India. Our primary focus then is to identify the different hurdles that prevent the efficient transmission of monetary policy and assess few policy prescriptions to mitigate them. A simultaneous view from the perspective of business-government-society is also taken.

DOI Link

https://doi.org/10.1177/jmrt.22.1023236

Publication Date

2-3-2022

Publisher

GLIM

Volume

Vol.1

Issue

Iss.1

Recommended Citation

Amrutkar, Pratik; Joshi, Swapnil; and Basu, Sankarshan, "Interest rate transmission of monetary policy: India perspective" (2022). Faculty Publications. 112.
https://research.iimb.ac.in/fac_pubs/112