This Subject Includes

  • Course No: HS 604
  • Course: Ph.D Programme
  • Semester: IV
  • Title: Development Finance
  • Stream: Economics
  • Capital accumulation and investment requirement for development; Sources of capital formation:

    domestic and international; Domestic financing of development: inflationary finance and noninflationary

    finance; Financial markets and institutions: money and the payment system, credit and

    the financial system, central bank, commercial banks and recent developments, unregulated credit

    markets; External financing of development: necessity for external financing, public financial aid:

    bilateral and multilateral; External debt and its implications, private foreign investment � benefits and

    costs, Foreign Institutional Investors, Foreign Direct Investments, multinational corporations; Foreign

    aid: the development assistance debate.


    Texts/ References:

    1. G. M. Meier and J. E. Rauch, Leading Issues in Economic Development, 8th Ed., OUP, 2004.

    2. L. M. Bhole, Financial Institutions and Markets, Structure, Growth and Innovations, 3rd Ed., Tata-

    McGraw Hill Publishing Co. Ltd., 2001.

    3. S. B. Gupta, Monetary Economics, Institutions, Theory and Policy, S. Chand and Co. Ltd, 1997.

    4. S. Ghatak, Introduction to Development Economics, 4th Ed., Routledge, 2007.