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Monetary Policy Partha Ray

By: Material type: TextTextLanguage: Eng Publication details: Oxford 2013 New DelhiEdition: 1st EdDescription: xviii, 240 p. : illustrations ; 19 cmISBN:
  • 9780198075417
Subject(s): DDC classification:
  • 332.4954 RAY
Summary: This short introduction provides a bird's eye view of the broad contours of monetary policy in India over the period 1934 to current times. Enriched by the author's experience of working at the IMF and RBI, the book provides an engaging account of the theoretical, empirical and practical aspects of monetary policy. From economic planning and bank nationalization, to monetary targeting and financial sector reforms, the book shows how Indian monetary policy has been both innovative and diverse by responding to the requirements of different periods. It also examines the new challenges to monetary policy in the context of globalization, such as the spurt of capital inflows and the global financial crisis.
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This short introduction provides a bird's eye view of the broad contours of monetary policy in India over the period 1934 to current times. Enriched by the author's experience of working at the IMF and RBI, the book provides an engaging account of the theoretical, empirical and practical aspects of monetary policy. From economic planning and bank nationalization, to monetary targeting and financial sector reforms, the book shows how Indian monetary policy has been both innovative and diverse by responding to the requirements of different periods. It also examines the new challenges to monetary policy in the context of globalization, such as the spurt of capital inflows and the global financial crisis.

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