Financial Sector Reforms and Monetary Policy in India

Contents: Foreword. Preface. Abbreviations. 1. Introduction. 2. Monetary transmission mechanism: a theoretical survey. 3. Monetary policy measures in pre-and post-reforms periods in India. 4. Financial sector reforms with special reference to money market in India. 5. Econometric techniques for analysing monetary transmission mechanism. 6. Money, output and price in India. 7. Transmission channels of monetary policy in India. 8. Summary and policy implications. Appendices. Bibliography. Index.

"The ongoing reform process in India has important implications for the macroeconomic management and hence, the conduct of the monetary policy. This book, using aggregate economic data, empirically examines the working of monetary transmission mechanism in lieu of financial sector reforms in India. In addition, it also presents the comprehensive survey of the issue involved in monetary transmission mechanism and in research methodology. Furthermore, it examines the working of money markets and monetary policy in India from 1970 to 2004." (jacket)