Reviews
"Dr. Ray masterfully demystifies the often discordant responses of commercial banks to policy actions of central banks in emerging economies." —Sudesh Mujumdar, associate professor of economics, University of Southern Indiana, "An important contribution to the extant literature." —Dr. Rakesh Mohan, deputy governor, Reserve Bank of India, "An important contribution to the extant literature." --Dr. Rakesh Mohan, deputy governor, Reserve Bank of India, "This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." —Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi, "An important contribution to the extant literature." -Dr. Rakesh Mohan, deputy governor, Reserve Bank of India, "Dr. Ray masterfully demystifies the often discordant responses of commercial banks to policy actions of central banks in emerging economies." -Sudesh Mujumdar, associate professor of economics, University of Southern Indiana, "This book offers the first systematic discussion of the central bank impacts on commercial bank behaviour in India . . . thoroughly researched." --Gabe de Bondt, principal economist, capital markets and financial structure division, European Central Bank, Frankfurt, "This book offers the first systematic discussion of the central bank impacts on commercial bank behaviour in India . . . thoroughly researched." --Gabe de Bondt, principal economist, capital markets and financial structure division, European Central Bank, Frankfurt, "A careful study of an important aspect of the monetary transmission mechanism through the credit channel." -Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata, "This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." --Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi, "Dr. Partha Ray, in this book, has attempted to place the entire gamut of issues bearing on monetary policy in a theoretical cum institutional perspective." -Dilip Nachane, senior professor, IGIDR, Mumbai, "This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." -Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi, "A careful study of an important aspect of the monetary transmission mechanism through the credit channel." -Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata, "An important contribution to the extant literature." --Dr. Rakesh Mohan, deputy governor, Reserve Bank of India, "Dr. Ray masterfully demystifies the often discordant responses of commercial banks to policy actions of central banks in emerging economies." -Sudesh Mujumdar, associate professor of economics, University of Southern Indiana, "Dr. Partha Ray, in this book, has attempted to place the entire gamut of issues bearing on monetary policy in a theoretical cum institutional perspective." -Dilip Nachane, senior professor, IGIDR, Mumbai, "An important contribution to the extant literature." -Dr. Rakesh Mohan, deputy governor, Reserve Bank of India, "This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." -Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi, "Dr. Partha Ray, in this book, has attempted to place the entire gamut of issues bearing on monetary policy in a theoretical cum institutional perspective." —Dilip Nachane, senior professor, IGIDR, Mumbai, "This book offers the first systematic discussion of the central bank impacts on commercial bank behaviour in India . . . thoroughly researched." -Gabe de Bondt, principal economist, capital markets and financial structure division, European Central Bank, Frankfurt, "Dr. Partha Ray, in this book, has attempted to place the entire gamut of issues bearing on monetary policy in a theoretical cum institutional perspective." --Dilip Nachane, senior professor, IGIDR, Mumbai, "A careful study of an important aspect of the monetary transmission mechanism through the credit channel." —Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata, "Dr. Ray masterfully demystifies the often discordant responses of commercial banks to policy actions of central banks in emerging economies." --Sudesh Mujumdar, associate professor of economics, University of Southern Indiana, "This book offers the first systematic discussion of the central bank impacts on commercial bank behaviour in India . . . thoroughly researched." —Gabe de Bondt, principal economist, capital markets and financial structure division, European Central Bank, Frankfurt, "Dr. Ray masterfully demystifies the often discordant responses of commercial banks to policy actions of central banks in emerging economies." --Sudesh Mujumdar, associate professor of economics, University of Southern Indiana, "A careful study of an important aspect of the monetary transmission mechanism through the credit channel." --Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata, "This book offers the first systematic discussion of the central bank impacts on commercial bank behaviour in India . . . thoroughly researched." -Gabe de Bondt, principal economist, capital markets and financial structure division, European Central Bank, Frankfurt, "This book strikes a fine balance between cutting-edge economic theory, best-practice econometric methodology and clear-sighted knowledge of the Indian economy." --Pulapre Balakrishnan, senior fellow, Nehru Memorial Museum and Library, New Delhi, "Dr. Partha Ray, in this book, has attempted to place the entire gamut of issues bearing on monetary policy in a theoretical cum institutional perspective." --Dilip Nachane, senior professor, IGIDR, Mumbai, "A careful study of an important aspect of the monetary transmission mechanism through the credit channel." --Mihir Rakshit, director, monetary research project, ICRA Limited, Kolkata
