http://hdl.handle.net/10973/29718 Wed, 05 Aug 2026 10:35:50 GMT 2026-08-05T10:35:50Z http://hdl.handle.net/10973/46973 Inflation targeting in India Aiman, Altamash; Reddy, Shiva This paper seeks to examine the effect of supply shocks on the goals of inflation targeting as a monetary policy strategy. A VAR model was employed using New Keynesian Phillips Curve (NKPC) to capture impulse responses of supply shocks on CPI inflation. The result suggests that the effect of shocks to fuel and oil on CPI is strong and but short-lived, while that of food and beverages is very strong and persistent. This could be detrimental for Inflation targeting as it would shoot up CPI inflation resulting in an increase in household inflation expectations and huge disinflationary cost to bring it down under target range. Some lessons are drawn from international experiences to tackle supply shocks in time of crisis. Thu, 01 Jun 2017 00:00:00 GMT http://hdl.handle.net/10973/46973 2017-06-01T00:00:00Z http://hdl.handle.net/10973/46972 Impact of credit cards and debit cards on currency demand and seigniorage Reddy, Shiva; Kumarasamy, Durairaj Predominant usage of cash substitutes such as electronic cards affects the amount of currency that a central bank should keep in circulation. This paper empirically examines the questions that whether the usage of credit and debit cards affect currency demand and seigniorage of Reserve Bank of India by employing Auto Regressive Distributed Lag (ARDL) approach. The study uses macroeconomic data and cards usage data from April 2005 to September 2014. The results find that the use of credit cards is negatively associated with currency demand whereas use of debit cards is positively associated with demand for currency in India. The effect of cards on seigniorage revenue is inconclusive as the coefficients are not statistically significant. Sat, 01 Apr 2017 00:00:00 GMT http://hdl.handle.net/10973/46972 2017-04-01T00:00:00Z http://hdl.handle.net/10973/46971 Bank characteristics, financial market development and monetary policy transmission Bhardwaj, Deepanshi; Reddy, Shiva The paper examines the effect of bank level characteristics and financial market development on the bank lending channel of monetary policy transmission in India using Arellano–Bond (1991) dynamic panel data model. A sample of 73 Commercial Banks for the period from 2005-2015 is used for the analysis. The results indicate that size, liquidity and capitalization are important bank characteristics which have a significant impact on monetary policy transmission. The study also finds that with the development of financial markets, the bank lending channel of transmission has become weaker. Wed, 01 Feb 2017 00:00:00 GMT http://hdl.handle.net/10973/46971 2017-02-01T00:00:00Z http://hdl.handle.net/10973/46953 Liberalization of India’s life insurance sector: An evaluation Kulkarni, Lalitagauri Sun, 01 Jan 2017 00:00:00 GMT http://hdl.handle.net/10973/46953 2017-01-01T00:00:00Z