DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/ac7563/monetary_and_credi) has announced the addition of the "Monetary and Credit Management in India" book to their offering.
Price stability and availability of sufficient credit for productive purposes have all along remained the twin objectives of monetary policy in India. The monetary policy reforms since 1991 have hinged on easing fiscal constraints. The first important step was introduction of an auction system for the Central Government?s market borrowings in June 1992. This enabled an increasing proportion of the fiscal deficit to be financed by borrowings at market-related rates of interest. This, in turn, enabled the Reserve Bank of India (RBI) to scale down the Statutory Liquidity Ratio (SLR) to the targeted statutory minimum level of 25.0 percent by October 1997.
The second significant step was the historic accord between the Government and the RBI in September 1994, eliminating the automatic monetisation of the Centre?s fiscal deficit by gradually phasing out ad hocs by April 1997. A system of ways and means advances (WMA) to the Central Government, subject to mutually agreed limits at market-related rates, was put in place instead to meet mismatches in cash flows.
RBI has largely been successful in bringing the organised sector of the money market well under its control. RBI is also playing a more active role in the provision of rural finance and is devoting special attention to the problem of promoting banking development in parts of the country in which it has hitherto been lacking.
This book deals with dimensions of monetary and credit management in India, focusing on post-liberalisation (1991 onward) period.
Key Topics Covered:
- Money and Monetary Management by Central Banks - Meaning of Money; Fiat Money versus Fiduciary Money; Electronic Money (E-Money); Functions of Money; Monetary Management by Central Banks; Monetary Policy Objectives; Monetary Policy versus Fiscal Policy; Globalisation and Monetary Policy.
- Monetary Management by Reserve Bank of India - Establishment and Early History of RBI; Pre-Independence Activities of RBI; Functions of RBI; Post-Independence Review of the Role and Responsibilities of RBI; Post-1991 Reforms and Responsibilities of RBI; Measures of Money Supply in India; Monetary Policy-Fiscal Policy Interface in India;
- Monetary Policy and Prices - Relationship between Money and Prices; Definition and Measurement of Price Rise; Need to Monitor and Moderate Price Rise; Causes of Price Rise; Effects of Price Rise; Determinants of Price Policy; Constituents of Price Policy; Role of Buffer Stock Operations; History of Price Controls in India; Price Stability as an Objective of Monetary Policy in India; Price Policy of the Government; Fiscal Deficits;
- Monetary Policy Reforms Since 1991 - Economic Reforms and Monetary Management; Constituents of Monetary Reforms; Introduction of Liquidity Adjustment Facility (LAF); Changing Monetary Policy Paradigm in India; Recent Challenges; Operating Procedures of Monetary Policy; External Sector Openness and Conduct of Monetary Policy; Monetary Policy Assessment.
- Credit Institutions in India - Significance of Credit; Institutional Structure of Credit Market in India; Commercial Banks; Regional Rural Banks (RRBs); Development Finance Institutions (DFIs); Non-banking Financial Companies (NBFCs); Co-operative Banks.
- Credit Policy Developments in India - Allocation of Credit; Credit Market Reforms; Flow of Credit to Agriculture and Allied Activities; Credit Flow to Micro, Small, and Medium Enterprises (MSMEs); Credit to Export Sector; Expert Group on Credit-Deposit Ratio, 2005.
- Public Debt Management in India - Rationale for Government Borrowings; Constitutional Provisions Pertaining to Public Borrowings in India; Instruments of Government Borrowings in India; Reserve Bank of India as Debt Manager of the Government; Recent Trends in Central Government Liabilities; Separation of Debt Management from Monetary Management; Indebtedness of States;
For more information visit http://www.researchandmarkets.com/research/ac7563/monetary_and_credi
Facebook
Twitter
LinkedIn
Delicious
Reddit
StumbleUpon
Digg
MySpace
Newsvine
Google Bookmark
Yahoo! Bookmark
Email
Email 
