ROLE OF DIGITALIZATION IN THE EFFECTIVENESS OF MONETARY POLICY: Evidence from Developing Economies

Madhabendra Sinha; Samrat Roy; Bablu Kumar Dhar

doi:10.4324/9781003620150-9

ROLE OF DIGITALIZATION IN THE EFFECTIVENESS OF MONETARY POLICY: Evidence from Developing Economies

Madhabendra Sinha
, Samrat Roy
, Bablu Kumar Dhar

Business Administration Division

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

The study attempts to examine the role of digitalization in the effectiveness of monetary policy in selected developing economies from 2000 to 2019. The existing studies evidence the several advanced dynamics of monetary policy and its impacts in different countries and regions under the digitalization era. In this context, using secondary data from the World Bank (2024) on selected 61 developing economies across the globe, the study employs the dynamic panel GMM (generalized method of moments) estimation technique, and the empirical findings imply a significant impact of digitalization on the relationship between monetary policy and economic growth in developing economies.

Original language	English
Title of host publication	Societal Implications of Fiscal and Monetary Policies
Subtitle of host publication	Does Good Governance Matter?
Publisher	Taylor and Francis
Pages	109-124
Number of pages	16
ISBN (Electronic)	9781040887196
ISBN (Print)	9781041025443
DOIs	https://doi.org/10.4324/9781003620150-9
Publication status	Published - 1 Jan 2026

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abstract = "The study attempts to examine the role of digitalization in the effectiveness of monetary policy in selected developing economies from 2000 to 2019. The existing studies evidence the several advanced dynamics of monetary policy and its impacts in different countries and regions under the digitalization era. In this context, using secondary data from the World Bank (2024) on selected 61 developing economies across the globe, the study employs the dynamic panel GMM (generalized method of moments) estimation technique, and the empirical findings imply a significant impact of digitalization on the relationship between monetary policy and economic growth in developing economies.",

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AU - Dhar, Bablu Kumar

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AB - The study attempts to examine the role of digitalization in the effectiveness of monetary policy in selected developing economies from 2000 to 2019. The existing studies evidence the several advanced dynamics of monetary policy and its impacts in different countries and regions under the digitalization era. In this context, using secondary data from the World Bank (2024) on selected 61 developing economies across the globe, the study employs the dynamic panel GMM (generalized method of moments) estimation technique, and the empirical findings imply a significant impact of digitalization on the relationship between monetary policy and economic growth in developing economies.

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ER -

ROLE OF DIGITALIZATION IN THE EFFECTIVENESS OF MONETARY POLICY: Evidence from Developing Economies

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