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Monetary Policy : Oxford India Short Introductions

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Monetary Policy : Oxford India Short Introductions

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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. Enriched by the author's experience of working at the IMF and RBI, the book provides an engaging account of the theoretical, empirical and practical aspects of monetary policy. 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.

Partha Ray

Partha Ray Currently Professor of Economics, Indian Institute of Management Calcutta. Prior to this, he was Director Department of Economic and Policy Research, Reserve Bank of India, Mumbai and Adviser to Executive Director International Monetary Fund, Washington DC.

Title

Monetary Policy : Oxford India Short Introductions

Author

Partha Ray

Publisher

Oxford University Press, India

Number of Pages

240

Language

English (US)

Category

  • Very Short Introduction
  • First Published

    JAN 2014

    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. Enriched by the author's experience of working at the IMF and RBI, the book provides an engaging account of the theoretical, empirical and practical aspects of monetary policy. 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.
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