Saurabh Ghosh, Abhinav Narayanan and Pranav Garg on this new RBI paper: Financial coverage transmission has remained a pivotal matter of curiosity throughout all central bankers. Empirically, nevertheless, it’s onerous to dis-entangle the consequences of a coverage change on corporations’ funding demand, banks’ credit score provide and their interactions. This paper makes use of a singular firm-bank […]

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