Category Archives: Interest Rate

The Impact of Interest Rate Futures on the Underlying Interest Rate Markets in India

Posted on January 25, 2013 by Sivakumar

by Manish Sinha Developing Country Studies ISSN 2225-0565 Vol 2, No.11, 2012 If the market is perfect and complete, ideally, the introduction of derivatives should not in any way affect the equilibrium conditions in the underlying market.  However, the presence … Continue reading →

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Report of the Committee to Assess the Feasibility of Introducing More Long-Term Fixed Interest Rate Loan Products by Banks

Posted on January 23, 2013 by Gopakumar

Published by Reserve Bank of India, January 2013 Banks have the freedom to offer loans on a fixed or floating interest rate basis, subject to conformity with their asset liability management (ALM) framework. Till few years back, majority of loans … Continue reading →

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Draft Report of the Committee to assess the Feasibility of Introducing More Long-Term Fixed Interest Rate Loan Products by banks

Posted on November 14, 2012 by Gopakumar

by K.K.Vohra(Chairman) Published by Reserve Bank of India, November 2012 Banks have the freedom to offer loans on a fixed or floating interest rate basis, subject to conformity with their asset liability management (ALM) framework. Till few years back, majority … Continue reading →

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Loan Regulation and Child Labor in Rural India

Posted on November 12, 2012 by Gopakumar

by Basab Dasgupta and Christian Zimmermann IZA DP  No. 6979, October 2012 We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and … Continue reading →

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Forecasting interest rates

Posted on September 22, 2012 by Sivakumar

by Gregory R. Duffee Johns Hopkins University Wp no. 599 This chapter discusses what the asset-pricing literature concludes about the forecastability of interest rates. It outlines forecasting methodologies implied by this literature, including dynamic, no-arbitrage term structure models and their … Continue reading →

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Monetary Policy Transmission in India: A Peep Inside the Black Box

Posted on June 28, 2012 by Gopakumar

by Jeevan Kumar Khundrakpam and Rajeev Jain RBI Working Paper Series WPS(DEPR);11/2012, Using SVAR models on quarterly data for 1996-97:1 to 2011-12:1, the paper examines the relative importance of various transmission channels of monetary policy to GDP growth and inflation … Continue reading →

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Measures of Nominal and Real Effective Lending Rates of Banks in India

Posted on May 21, 2012 by Gopakumar

by Deepak Mohanty; A B Chacraborty and S Gangadaran RBI Working Paper WPS(DEPR): 7/2012 , May 2012 In a bank-dominated financial sector, lending rates play an important role in the transmission of monetary policy. Yet, it is difficult to observe … Continue reading →

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Evidence of Interest Rate Channel of Monetary Policy Transmission in India

Posted on May 21, 2012 by Gopakumar

by Deepak Mohanty RBI Working Paper WPS(DEPR);6/2012, May 2012 With the development of domestic financial markets and gradual deregulation of interest rates, monetary policy operating procedure in India in the recent years has evolved towards greater reliance on interest rates … Continue reading →

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Money as Indicator for the Natural Rate of Interest

Posted on January 14, 2012 by Anitha

by Helge Berger and Henning Weber WP/12/6 The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate comoves with a … Continue reading →

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An Estimated DSGE Model of the Indian Economy

Posted on November 23, 2011 by Anitha

Vasco Gabriel Paul Levine Joseph Pearlman and Bo Yang Working Paper No. 2011-95 November 2011 We develop a closed-economy DSGE model of the Indian economy and estimate it by Bayesian Maximum Likelihood methods using Dynare. We build up in stages … Continue reading →

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