Contents: Vol. I: Preface. Exhibits. I. Money and finance: 1. The nature and scope of monetary economics. 2. The definition of money. 3. Kinds of money. 4. The monetary systems. 5. The financial systems and the Indian debt market. 6. Money market, capital market and financial instruments. 7. The Indian money market. 8. The Indian capital market. 9. The structure of interest rates. II. Commercial banking: 10. The commercial banking system. 11. Bank expansion and contraction. 12. Commercial bank policies. III. International banking: 13. International banking. IV. Security differentiation: 14. Security differentiation and financial growth. V. Nonbanking financial Institutions: 15. Nonmonetary financial intermediation. VI. Central banking: 16. Central banking evolution and functions. 17. Central banking policy tools. VII. The Indian banking system: 18. The Indian banking system: an evaluation. 19. The banking sector reforms in the Indian economy.
Vol. II: VIII: International Banking Statistics of India: 20. International Banking Statistics of India. IX. Monetary theory: 21. The demand for money: a theoretical and an empirical analysis. 22. The demand for money: the quantity theory of money - a restatement. 23. The neoclassical monetary theory : a critique. 24. The national income accounts. 25. Consumption saving and investment. 26. Determination of equilibrium income. 27. Aggregate demand and aggregate supply. 28. The money supply alterations and impact on the equilibrium system. 29. The neutrality of money - revisited. X. Policy issues: 30. Monetary policy: some issues. 31. Monetary policy: the evolution. XI. The economic environment: 32. The global economic environment. XII. The Indian Monetary Policy: 33. Monetary policy and Monetary targeting in the Indian economy. XIII: International monetary relations: 34. The International Monetary System. 35. Foreign exchange markets and international payments. 36. The international monetary policies. 37. The Evolution of the International Monetary System. XIV: Developing Asia : trends and financial markets: 38. Developing Asia: economic trends and financial markets.
"The book Advanced Study in Money and Banking : Theory and Policy Relevance in the Indian Economy is a complete treatise on banking and global financial developments with special reference to DMCs and the Indian economy. It provides an invaluable, up-to-date and refreshing approach to key development issues pertaining to monetary theory, banking and policy matters. The theoretical, institutional and historical approaches have been skilfully integrated to explore and elucidate the interrelationships of money and banking and the functioning of the economy as a whole. The analytical study of the main operational ratios of banks for the period 1998 to 2003 gives an overview of the bank street scenario. In its wide perspective, the book includes a comprehensive study of banking and information technology, mechanism of international payments, and international monetary policies and monetary cooperation. Above all, against the backdrop of economic uncertainty and the low ebb in economic activity, volatility in stock markets and significant fluctuations in major currencies of the world, the Indian monetary policy during the period of 1952-2003 has been extensively discussed. Simple graphs and up-to-date economic models provided in the book enable the readers to have an easy and accurate understanding of the subject.
The book would be of great interest and use for students and teachers of economics, commerce and business management. The bankers and legislators concerned with monetary and banking policies would find the book highly useful." (jacket)
