Monetary Policy

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ISBN:

9780198075417

Publication date:

03/05/2013

Paperback

260 pages

We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.

ISBN:

9780198075417

Publication date:

03/05/2013

Paperback

260 pages

Rights:  World Rights

Description

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. 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.

About the Author
Partha Ray
is Professor of Economics, Indian Institute of Management Calcutta.

Review


‘[The book] strikes a fine balance between theory and institutional details to weave a rich story full of illustrations and thoughtful use of statistics.’
— R. Nagaraj, Professor, Indira Gandhi Institute of Development Research, Mumbai

‘“Repo”, “reverse repo” and “CRR”, has reading these expressions in the morning’s newspaper ever led you to wonder what they might mean? If so, here in one place you will have an answer!’
—Pulapre Balakrishnan, Director, Centre for Development Studies, Thiruvananthapuram

‘Ray unravels the secrets of the inner temple of money, skilfully and competently demystifying and deconstructing monetary policy in the Indian context.’
—M.D. Patra, Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Mumbai

Description

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. 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.

About the Author
Partha Ray
is Professor of Economics, Indian Institute of Management Calcutta.

Read More

Reviews


‘[The book] strikes a fine balance between theory and institutional details to weave a rich story full of illustrations and thoughtful use of statistics.’
— R. Nagaraj, Professor, Indira Gandhi Institute of Development Research, Mumbai

‘“Repo”, “reverse repo” and “CRR”, has reading these expressions in the morning’s newspaper ever led you to wonder what they might mean? If so, here in one place you will have an answer!’
—Pulapre Balakrishnan, Director, Centre for Development Studies, Thiruvananthapuram

‘Ray unravels the secrets of the inner temple of money, skilfully and competently demystifying and deconstructing monetary policy in the Indian context.’
—M.D. Patra, Adviser-in-Charge, Monetary Policy Department, Reserve Bank of India, Mumbai

Read More