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Tag Search: “monetary policy”

How does monetary policy transmission happen in India?

Central banks leverage monetary policy instruments to control the supply of money in the economy, which in turn influences economic outcomes through various channels. Analysing Indian data from 2001-2...

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Deregulating deposits: What India’s experience tells us about banking today

Amid a sharp liquidity deficit, Indian banks are aggressively raising deposit rates to attract household savings – a pattern last observed over a decade ago. This article investigates what the current...

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Stability at the cost of growth? Rethinking liquidity rules in India’s banking sector

Liquidity regulation – quantity-based requirements mandating banks to maintain enough high-quality assets to meet short-term obligations during periods of stress – is a long-standing policy tool of th...

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The State within India’s corporate bond market

The value of gross issuances in India’s corporate bond market has grown by 150% over the past decade. In this post, Harsh Vardhan contends that while the market has become bigger, reforms are needed t...

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RBI’s costly experiments with the currency

During 2023-2024, the average annual volatility of the rupee-dollar exchange rate was 1.8% – the lowest in over two decades. In this post, Patnaik, Pandey and Sengupta explain why sudden and sharp low...

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Union Budget 2025-26: Many small measures but lacks big ideas

The Finance Minister recently presented the Union Budget for 2025-26. In this post, Rajeswari Sengupta notes that the most significant aspect of this Budget is the fiscal stimulus aimed at middle-clas...

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High public debt in India: 9 stylised facts

The Covid-induced surge in public debt in India was unique compared to its own history, but also bigger and driven by different factors relative to the average emerging market economy. In this post, M...

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Synthetic Control Method: Opportunity for policy evaluation

Policy evaluation involves estimating the effect of an intervention, by comparing outcomes in units subjected to the intervention with otherwise similar units not subjected to intervention. However, t...

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Policy Roundup: Fed rate cut, ageing South India, Cyclone Dana, crypto regulation

This post presents our monthly curation of developments in the Indian policy landscape – highlighting I4I content pertaining to the impact of US monetary policy announcements on emerging economies, fe...

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When is corporate debt a threat to macroeconomic stability?

Since the 2007-08 Global Financial Crisis, policymakers have focused on household debt as the primary risk factor for macroeconomic stability. Should they be similarly worried about corporate debt? Ba...

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WazirX: Socialisation of losses and need for financial regulation

The cryptocurrency exchange WazirX recently faced a security breach resulting in huge losses for its users. In this post, Nipuna Varman evaluates the ‘loss socialisation’ recovery plan that was initia...

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Uneven resilience: Why some emerging markets better navigate US monetary policy cycles

As the US dollar and monetary policy continue to have a significant impact on global financial dynamics, some emerging markets are observed to be more resilient than others to the policy cycles. Analy...

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