Keywords: Credit market
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Journal Articles
Journal of Financial Economic Policy (2026) 18 (5): 866–879.
Published: 22 September 2025
..., in the 2018 Non-Banking Financial Company (NBFC) liquidity crisis, the absence of a composite early warning indicator constrained the RBI from reacting to it immediately. Likewise, disruptions in the credit markets during the COVID-19 pandemic revealed the insufficiency of conventional business cycle...

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