01765cas a2200265 a 4500 AALejournalIMF017032 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475523966 1018-5941 BD-DhAAL BD-DhAAL Mishra, Prachi. Monetary Transmission in Developing Countries : Evidence from India / Prachi Mishra, Peter Montiel, Rajeswari Sengupta. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (68 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine the strength of monetary transmission in India, using a conventional structural VAR methodology. We find that a tightening of monetary policy is associated with a significant increase in bank lending rates and conventional effects on the exchange rate, though pass-through to lending rates is only partial and exchange rate effects are weak. We could find no significant effects on real output or the inflation rate. Though the message for the effectiveness of monetary transmission in India is therefore mixed, our results for India are more favorable than is often found for other developing countries. Mode of access: Internet Montiel, Peter. Sengupta, Rajeswari. IMF Working Papers; Working Paper ; No. 2016/167 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/167/001.2016.issue-167-en.xml IMF e-Library