Money and Banking : Select Research Papers by the Economists of Reserve Bank of India

Contents: Foreword/C. Rangarajan. 1. On testing some hypotheses concerning the transmission mechanism of monetary policy : the Indian experience/A. Vasudevan and K.A. Menon. 2. A short term model to forecast monetary aggregates interim results/D.C. Rao T.R. Venkatachalam and A. Vasudevan. 3. Reserve money : concepts and policy implications for India/C. Rangarajan and Anoop Singh. 4. Weighted monetary aggregates : rationale and relevance for India/Narendra Jadhav. 5. The dynamics of money supply process in India: an alternative empirical framework/Himanshu Joshi and Indranil Bhattacharyya. 6. Residency in money supply/Deba Prasad Rath and Indranil Sen Gupta. 7. Estimating money demand function: a cointegration approach/Ashok K. Nag and Ghanshyam Upadhyay. 8. The demand for money in India : stability revisited/Himanshu Joshi and Mridul Saggar. 9. Modelling buffer stock of money : an Indian experience/B.K. Bhoi. 10. Financial innovation : determinants and implications for monetary policy a model/N. Nagarajan. 11. Credit availability and small firms : a probit analysis of panel data/Renu Kohli. 12. Dynamics of interaction between government deficit and domestic debt in India/C. Rangarajan Anupam Basu and Narendra Jadhav. 13. Fiscal deficit external balance and monetary growth/C. Rangarajan and M.S. Mohanty. 14. Analytics of monetary management/A. Vasudevan. 15. Money output and prices/Y.S.R. Sarma. 16. Exchange rate management in India : an empirical evaluation/Michael Debabrata Patra and Sitikantha Pattanaik. 17. REER : the leading indicator/Sitikantha Pattanaik. 18. Banks in financial intermediation : performance and issues/D. Ajit and R.D. Bangar. 19. Scale economies in banking Indian experience in deregulated era/Goutam Chatterjee. 20. Technical allocative and scale efficiency of Public Sector Banks in India/Abhiman Das. The Reserve Bank of India has promoted research right from the early years of its existence. Excellent research papers have been prepared by some of the outstanding economists of the Bank. Barring exceptions the invaluable research embodied in these papers has not been widely disseminated. Former Executive Director Dr. A. Vasudevan has utilized his lifetime of experience at the Central bank to painstakingly edit the present collection of research papers (organised under four sections) with a comprehensive introduction. According to Dr. Vasudevan The objective of the volume is not to include articles in a large number of areas but to include only those that focus on money monetary policy and banking issues areas in which the Reserve Bank's expertise is widely recognized. 287 pp.…