This review article uses the contributions in this important book “Financial Liberalization and Rural Credit in India” to look at the policies surrounding rural credit in India, its links with the macro-context and the situation on the ground in the post-reform period.

Credit channel of monetary transmission mechanism provides an alternative transmission channel of monetary shock through the asset side of the banking system. Based on the literature on market imperfection, it presents some appealing arguments on supply side effects of innovations in monetary...

The agrarian sector in many developing countries has been going through a phase of slowdown, at times aggravating to a crisis, which has called for serious research and introspection into the policies and policy regimes that underlie their development trajectories. This paper looks at one set of...