Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/13400
Title: Some cotemporary issues in Indian Monetary Policy: an analysis
Authors: Rizvi, Safi Ahsan
Rajpal, Sudhir
Keywords: Monetary policy
Issue Date: 1989
Publisher: Indian Institute of Management (Ahmedabad)
Series/Report no.: SP;164
Description: TIn respect to monetary policy in India there are a host of issues for attention. The link of deficit financing with the rate of inflation is generally sought to be established by many economists. Deficit financing is one of the many factors that leads to an expansion of High Powered money, though it is significantly important. It is the degree of this importance that leads to controversies. Expansion of deficit financing leads to increase of money supply, as this link is established by money supply expansion. The rising contribution of high powered money than money supply increase the dominance of bureaucrat sponsored money growth rates. Ensuring money stability has been universally recognized as the key objective of the monetary policy of every country. In India, the factors determining inflation are more myriad as well as complex.
URI: http://hdl.handle.net/11718/13400
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