How Successful Are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

Published By: The Institute for the Study of Labor (IZA) | Published Date: June, 01 , 2016

In this paper investigates the success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument that well functioning credit markets would reflect a bank channel for monetary policy at work, the paper tests whether a change in monetary policy has predictable impact on borrowing behaviour of several types of firms, including business group affiliated, unaffiliated private firms, state owned firms and foreign firms.

Author(s): Sumon Kumar Bhaumik, Ali M. Kutan, Sudipa Majumdar | Posted on: Jun 27, 2016 | Views() | Download (155)


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