This paper examines the evolution of exchange rate pass-through (ERPT) into India's consumer price index (CPI) at the aggregate level over the period 1980Q1-2006Q4. It also investigates whether the extent of exchange rate pass-through is impacted by common macro fundamentals such as inflation...

The dynamics of a global economy is being reshaped by the economic emergence of two Asian giants, China and India. How the world’s two most populous countries manage globalization as they pursue economic reform and liberalization will impact significantly their societies, the rest of Asia, and...

This paper examines the role of the bank lending channel of monetary policy in India during the global financial crisis, especially since the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions and in contrast to the United States, the paper shows that, following the...