{"product_id":"a-decade-of-economic-reforms-in-india-copy-copy","title":"Money and Banking","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThe Reserve Bank of India has promoted research right from the early years of its existence. Excellent research papers have been prepared by some of the outstanding economists of the Bank. Barring exceptions, the invaluable research embodied in these papers has not been ‘widely’ disseminated.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eFormer Executive Director, Dr. A. Vasudevan has utilized his lifetime of experience at the central bank to painstakingly edit the present collection of research papers (organised under four sections) with a comprehensive introduction.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eAccording to Dr. Vasudevan “The objective of the volume is not to include articles in a large number of areas but to include only those that focus on money, monetary policy and banking issues — areas in which the Reserve Bank’s expertise is widely recognized.”\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe 20 chosen research papers included in the volume are contributed by :\u003c\/p\u003e\n\u003cp\u003eD. Ajit, R.D. Bangar, Anupam Basu, Indranil Bhattacharya, B.K. Bhoi, Goutam Chatterjee, Abhiman Das, Narendra Jadhav, Himanshu Joshi, Renu Kohli, \u003cbr\u003eK.A. Menon, M.S. Mohanty, Ashok Nag, N. Nagarajan, Michael Debabrata Patra, Sitikantha Pattanaik, C. Rangarajan, D.C. Rao, Deba Prasad Rath, \u003cbr\u003eMridul Saggar, Y.S.R. Sarma (late), Indranil Sengupta, Anoop Singh, A. Vasudevan, T.R. Venkatachalam, and Ghanshyam Upadhyay.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eDr. C. Rangarajan’s foreword to this volume adequately highlights its unique importance — a fact also echoed in the comments of two other distinguished experts, namely Professor R. Radhakrishna and Professor D.M. Nachane.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis collection of research papers gives the flavour of the research work that is getting done in the Reserve Bank of India. They reveal both maturity and technical excellence.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eI congratulate Dr. Vasudevan in undertaking this effort and choosing a spectrum of articles that is truly representative of the research in the Reserve Bank of India.\u003cbr\u003e--\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eDr. C. Rangarajan\u003c\/strong\u003e\u003cbr\u003eChairman, Twelfth Finance Commission\u003cbr\u003eFormer Governor, Reserve Bank of India\u003cbr\u003eDr. Vasudevan exemplifies the highest traditions of that rare but felicitous blend of impeccable academic scholarship and intimate experience of high-level policy-making. This volume, edited by him, largely reflects research studies done by his younger colleagues at the Reserve Bank of India. Most of the studies have drawn inspiration either from his direct participation or from his own writings. The study of several of the areas discussed in the book (such as the monetary transmission mechanism and money supply analysis) was pioneered by him in the Indian context during his long career at the Reserve Bank. It is a safe prognosis that the volume should prove rewarding both to academics researching on monetary economics as also to all those concerned with the fine art of monetary policy\u003c\/p\u003e\n\u003cp\u003e--\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eProfessor D.M. Nachane\u003c\/strong\u003e\u003cbr\u003eFormer Director, Department of Economics, University of Mumbai\u003cbr\u003eThis commendable book edited by Dr. A. Vasudevan, a leading monetary economist, is based on selected papers prepared by the monetary economists of the Reserve Bank of India during the last two decades for its in-house journal. The topics range from conceptual issues to macro monetary models and methodologies from traditional econometric techniques to recent advances in co-integration. It provides a useful insight into how monetary policy is responding to the problems of inflation and balance of payments and carefully assesses policy effects. A few papers present evidence bearing on the role of money supply in the inflationary process and make a case for money based monetary policy against the credit view, which dominated the monetary policy prior to reforms. The small sized macro econometric model based on Polak's absorption approach estimated for exploring the interaction between fiscal deficit and external balance will be handy for class room teaching.\u003c\/p\u003e\n\u003cp\u003eThe introductory essay and introduction to sections by the editor provide a useful historical account of the issues, debates and policy responses, besides contextualizing the papers included in the book. The approach is both analytical and rigorous. It is a required reading for any one interested in policy design.\u003c\/p\u003e\n\u003cp\u003eIn my view, in terms of its coverage and range of insight, this book will be a most valuable source for students and economists.\u003c\/p\u003e\n\u003cp\u003e--\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eProfessor R. Radhakrishna\u003c\/strong\u003e\u003cbr\u003eDirector, Indira Gandhi Institute of Development Research (IGIDR), Mumbai\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eDr. A. Vasudevan, currently Honorary Advisor in the Reserve Bank of India, was Executive Director of the Reserve Bank between May 1996 and end-August 2000. As the Executive Director, he was in-charge of research, statistics, monetary policy and information technology departments. He has had vast international experience — Advisor to Executive Director for India at the International Monetary Fund (IMF) between 1984 and 1989; Member of the Indian Delegations to semi-annual IMF\/ World Bank and G-24 meetings between 1984 and 1989 and again between 1993 and 2000; represented India at the UNDP Conference on financing of sustainable development at Santiago, Chile; Central Bank Deputy at the Group of Two Deputies’ meetings; and Member of the Task Force on Implementation of Standards and the Follow-up Group on the Implementation of Standards, appointed by the Financial Stability Forum.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eAmong the several Committees on which he served, the important ones were: Expert Group on Saving and Capital Formation in India, Government of India, 1996 (Member), the Working Group on Money Supply, Reserve Bank, 1998 (Vice-Chairman), and the Committee on Technology Upgradation in Banking Sector, Reserve Bank of India, 1999 (Chairman).\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eApart from the present volume (edited by him), Dr. Vasudevan has recently authored Central Banking for Emerging Market Economies (Academic Foundation, 2003). Described as a “path-breaking work” of “encyclopaedic proportions”, within a short time-span this publication received extraordinary praise in several reviews across leading newspapers and journals. Having authored\/edited a few other books earlier, Dr. Vasudevan has numerous scholarly writings of his own in various professional journals, both Indian and foreign. He also taught M.A. students at the University of Bombay (1966-69) on the theories of money and economic development and central banking.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eCurrently Dr. Vasudevan is engaged in writing the history of Reserve Bank of India — a task he has been entrusted with by a committee of the central bank, chaired by Dr. C. Rangarajan.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eContributors\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eNames of the authors\/co-authors of respective papers included in the present volume are arranged alphabetically (according to last name). The corresponding designations represent current\/latest position held.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eD Ajit        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai\u003cbr\u003e(Now on sabbatical leave)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR D Bangar \u003c\/strong\u003e       \u003cbr\u003eFormerly: Assistant Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eAnupam Basu      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003eDeputy Director, African Department, International Monetary Fund,\u003cbr\u003eWashington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eIndranil Bhattacharya\u003c\/strong\u003e        \u003cbr\u003eResearch Officer, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eB K Bhoi        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e    \u003cbr\u003eGoutam Chatterjee  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003eDirector, Department of Statistical Analysis \u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Kolkata\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eAbhiman Das     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Statistical Analysis \u0026amp;\u003cbr\u003eComputer Services,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eNarendra Jadhav    \u003c\/strong\u003e    \u003cbr\u003ePrincipal Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eHimanshu Joshi    \u003c\/strong\u003e    \u003cbr\u003eDirector, Monetary Policy Department, Reserve Bank of India,\u003cbr\u003eMumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eRenu Kohli    \u003c\/strong\u003e    \u003cbr\u003eAssistant General Manager, Reserve Bank of India, Kolkata\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eK A Menon      \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003cbr\u003eFormerly : General Manager, Reserve Bank of India,\u003cbr\u003eTiruvananthapuram\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eM S Mohanty     \u003c\/strong\u003e   \u003cbr\u003eEconomist, Bank for International Settlements,\u003cbr\u003eBasle,(Switzerland)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eAshok Nag        \u003c\/strong\u003e\u003cbr\u003eDirector, Department of Statistical Analysis\u003cbr\u003e\u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eN Nagarajan        \u003c\/strong\u003e\u003cbr\u003eChief Economist, Indian Banks’ Association\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e        \u003cbr\u003eMichael Debabrata Patra  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003eAdviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eSitikantha Pattanaik     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eC Rangarajan    \u003c\/strong\u003e    \u003cbr\u003eChairman, 12th Finance Commission, Government of India, New Delhi\u003cbr\u003eand Former Governor, Reserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eD C Rao    \u003c\/strong\u003e    \u003cbr\u003eFormerly: Director, International Finance Department,\u003cbr\u003eWorld Bank, Washington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eDeba Prasad Rath     \u003c\/strong\u003e   \u003cbr\u003eDirector, Department of Economic Analysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eMridul Saggar    \u003c\/strong\u003e    \u003cbr\u003eDirector, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eY S R Sarma (Late)      \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003cbr\u003eFormerly: Adviser-in-charge, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIndranil Sengupta     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Economic\u003cbr\u003eAnalysis \u0026amp; Policy,\u003cbr\u003eReserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAnoop Singh  \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e     \u003cbr\u003eDirector, Western Hemisphere Department,\u003cbr\u003eInternational Monetary Fund,\u003cbr\u003eWashington D C\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eA Vasudevan    \u003c\/strong\u003e    \u003cbr\u003eFormerly: Executive Director, Reserve Bank of India, Mumbai\u003cbr\u003e(Presently Honorary Adviser, Reserve Bank of India, Mumbai)    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eT R Venkatachalam  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e     \u003cbr\u003eFormerly: Adviser-in-charge, Monetary Policy Department,\u003cbr\u003eReserve Bank of India, Mumbai    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e\u003cstrong\u003eGhanshyam Upadhyay     \u003c\/strong\u003e   \u003cbr\u003eAssistant Adviser, Department of Statistical Analysis \u0026amp; Computer Services,\u003cbr\u003eReserve Bank of India, Mumbai\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cem\u003eForeword by Dr. C Rangarajan\u003cbr\u003eContributors.\u003cbr\u003eSymbols Used; Sources.\u003cbr\u003eEditor’s Introduction.\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eSECTION  I\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e1.On Testing Some Hypotheses Concerning the Transmission Mechanism\u003cbr\u003e   of Monetary Policy : The Indian Experience\u003c\/strong\u003e\u003cbr\u003e      (A Vasudevan and K A Menon)\u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e2.A Short-term Model to Forecast Monetary\u003cbr\u003e   Aggregates — Interim Results\u003c\/strong\u003e\u003cbr\u003e    (D C Rao, T R Venkatachalam and A Vasudevan)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eSECTION  II\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e3.Reserve Money : Concept and Policy Implications for India\u003c\/strong\u003e\u003cbr\u003e    (C Rangarajan and Anoop Singh)\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e4.Weighted Monetary Aggregates: Rationale and Relevance for India\u003c\/strong\u003e\u003cbr\u003e    Narendra Jadhav.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e        \u003cbr\u003e5.The Dynamics of Money Supply Process in India :\u003cbr\u003e  An Alternative Empirical Framework\u003c\/strong\u003e\u003cbr\u003e    Himanshu Joshi and Indranil Bhattacharyya.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e6.Residency in Money Supply\u003c\/strong\u003e\u003cbr\u003e    Deba Prasad Rath and Indranil Sen Gupta    \u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e7.Estimating Money Demand Function : A Cointegration Approach\u003c\/strong\u003e\u003cbr\u003e    Ashok K Nag and Ghanshyam Upadhyay.    \u003c\/p\u003e\n\u003cp\u003e    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e8.The Demand for Money in India : Stability Revisited\u003c\/strong\u003e\u003cbr\u003e    Himanshu Joshi and Mridul Saggar.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e9.Modelling Buffer Stock of Money : An Indian Experience\u003c\/strong\u003e\u003cbr\u003e    B K Bhoi\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSECTION III\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e10.Financial Innovation : Determinants and Implications for\u003cbr\u003e     Monetary Policy - A Model\u003c\/strong\u003e\u003cbr\u003e       N Nagarajan.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e11.Credit Availability and Small Firms :\u003cbr\u003e     A Probit Analysis of Panel Data\u003c\/strong\u003e\u003cbr\u003e       Renu Kohli\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e12.Dynamics of Interaction Between Government\u003cbr\u003e     Deficit and Domestic Debt in India\u003c\/strong\u003e\u003cbr\u003e      C Rangarajan, Anupam Basu and Narendra Jadhav\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e13.Fiscal Deficit, External Balance and Monetary Growth\u003c\/strong\u003e\u003cbr\u003e      C Rangarajan and M S Mohanty.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e14.Analytics of Monetary Management\u003c\/strong\u003e\u003cbr\u003e      A Vasudevan.\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e15.Money, Output and Prices\u003c\/strong\u003e\u003cbr\u003eY S R Sarma\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e16.Exchange Rate Management in India :\u003cbr\u003e    An Expirical Evaluation\u003c\/strong\u003e\u003cbr\u003e     Michael Debabrata Patra and Sitikantha Pattanaik\u003c\/p\u003e\n\u003cp\u003e        \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e17.REER : The Leading Indicator\u003c\/strong\u003e\u003cbr\u003e      Sitikantha Pattanaik\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003e\u003cstrong\u003eSECTION IV\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e        \u003cbr\u003e\u003cstrong\u003e18.Banks in Financial Intermediation :\u003cbr\u003e     Performance and Issue\u003c\/strong\u003es\u003cbr\u003e      D Ajit and R D Bangar\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e        \u003cbr\u003e19.Scale Economies in Banking — Indian Experience\u003cbr\u003e     in Deregulated Era\u003c\/strong\u003e\u003cbr\u003e      Goutam Chatterjee\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003e20.Technical, Allocative and Scale Efficiency of Public Sector Banks in India\u003c\/strong\u003e\u003cbr\u003e      Abhiman Das.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e2003\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e285\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e8171883184\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"A. Vasudevan (Ed.)","offers":[{"title":"Hardcover \/ ENG- English \/ Banking","offer_id":51399450263873,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/8171883184-web-305-money-ba.jpg?v=1771409987","url":"https:\/\/www.academicfoundation.com\/products\/a-decade-of-economic-reforms-in-india-copy-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}