Articles liés à Demand for Money in India: New Issues and Evidences

Demand for Money in India: New Issues and Evidences - Couverture souple

Giri, A. K.; Kamaiah, B.

 
9783846514870: Demand for Money in India: New Issues and Evidences
Couverture souple
ISBN 10 : 384651487X ISBN 13 : 9783846514870
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

Money demand elasticities have been considered as critical inputs to regulate the conduct of monetary policy. A stable demand function for money further has been regarded as essential condition for the viability of monetary policy. Hence, demand for money has been subjected to extensive empirical scrutiny in many countries over the years. The issue assumes importance in the context of an economy experiencing financial innovation, deregulation and technological changes. Therefore, it is felt necessary to have a fresh look at some of the issues in the context of Indian economy. In the light of above discussion the objectives of the present study are set as follows: (i) to examine the role of asset markets, external sector and inflationary expectation on demand for money in the context of financial innovation, institutional changes, liberalization and asset market changes,(ii) to re examine the issue of temporal stability and long run equilibrium relationship of money demand function by using latest time series techniques (iii) to test the validity of the Buffer - Stock approach to money demand, and (iv) to examine the implications of the new evidences for monetary policy.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Money demand elasticities have been considered as critical inputs to regulate the conduct of monetary policy. A stable demand function for money further has been regarded as essential condition for the viability of monetary policy. Hence, demand for money has been subjected to extensive empirical scrutiny in many countries over the years. The issue assumes importance in the context of an economy experiencing financial innovation, deregulation and technological changes. Therefore, it is felt necessary to have a fresh look at some of the issues in the context of Indian economy. In the light of above discussion the objectives of the present study are set as follows: (i) to examine the role of asset markets, external sector and inflationary expectation on demand for money in the context of financial innovation, institutional changes, liberalization and asset market changes,(ii) to re examine the issue of temporal stability and long run equilibrium relationship of money demand function by using latest time series techniques (iii) to test the validity of the Buffer - Stock approach to money demand, and (iv) to examine the implications of the new evidences for monetary policy.

Biographie de l'auteur

Prof. A K Giri holds Ph.D. degree in Monetary Economics. He is currently working as Associate Professor in the Department of Economics and Finance at BITS, Pilani, India. He has more than a decade of experience in teaching and reserach in Economics. He has authered number of reserach papers in national and international journals.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
384651487X
ISBN 13 
9783846514870
Reliure
Broché
Nombre de pages
220
Coordonnées du fabricant
non disponible
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