Now showing items 1-3 of 3
Impact of credit cards and debit cards on currency demand and seigniorage
(Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2017-04)
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 ...
Inflation targeting in India
(Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2017-06)
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 ...
Bank characteristics, financial market development and monetary policy transmission
(Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2017-02)
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 ...