Coming soon
Money and Banking
1. To grasp the concept of money and the foundation of monetary theory; and
2. To familiarize the students with various kinds of banks, with special reference to India.
• Definition, Types and functions of money;
• Concept of Demand of money (Classical, Cambridge & Keynesian);
• Concept of Supply of money (Classical, Monetarists’ & RBI)
• Cash transactions approach;
• Cash Balance approach;
• Keynesian approach
• Inflation - definition, types, causes, effects and measures to control;
• Trade-off between inflation and unemployment;
• Deflation;
• Inflation versus Deflation
• Commercial Banks - functions;
• The process of credit creation;
• Liabilities and assets of banks;
• Development of commercial banking in India after independence.
- Central Bank -Functions;
- Instruments of credit control – quantitative & qualitative;
- RBI-organization and promotional role.
1. Gupta, S.B. (1983), Monetary Economics, S. Chand & Co., New Delhi.
2. Seth, M.L., Monetary Economics, Laxmi Narain Agrawal, Agra.
1. Sundaram, K.P.M., Money, Banking, & International Trade, Sultan Chand & Company, New Delhi.
2. Rangarajan, C. (1999), Indian Economics: Essays on Money and Finance, UBS Publisher, New Delhi.
3. Mitra, S. (1970), Money and Banking, Random House, New York.
4. Mithani, D.M.,Money, Banking, International Trade & Public Finance, Himalaya Publishers.
5. RBI (1983), Functions and Working of RBI, Bombay.
6. RBI (2000), Report on Trend and Progress of Banking in India (Annual), Mumbai.
7. Reddy, Y.V. (2000), A Review of Monetary and Financial Sector Reforms in India-A Central Banker’s Perspective, UBSPD, New Delhi.
