01576cas a2200241 a 4500 AALejournalIMF022575 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513598796 1018-5941 BD-DhAAL BD-DhAAL Das, Sonali. Monetary Policy in India : Transmission to Bank Interest Rates / Sonali Das. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (33 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 This paper provides new evidence on the credit channel of monetary policy transmission in India. Using stepwise estimation of vector error correction models, the analysis finds significant, albeit slow, pass-through of policy rate changes to bank interest rates in India. There is evidence of asymmetric adjustment to monetary policy: the lending rate adjusts more quickly to monetary tightening than to loosening. In addition, the speed of adjustment of deposit and lending rates to changes in the policy rate has increased in recent years. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2015/129 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/129/001.2015.issue-129-en.xml IMF e-Library