Economics

Monetary policy transmission in India under the base rate and MCLR regimes: a comparative study

S. K. Chattopadhyay and A. K. Mitra

This research by Sadhan Kumar Chattopadhyay and Arghya Kusum Mitra delves into the transmission of monetary policy to bank lending rates in India, highlighting a significant difference in pass-through effects between the base rate and MCLR regimes. Their findings suggest a more responsive lending environment under MCLR, emphasizing the influence of liquidity management and economic conditions.

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