This Subject Includes

  • Course No: HS 145
  • Course:
  • Semester: V
  • Title: Money and the Financial System
  • Stream: Economics
  • Money: definitions, functions, measures of money supply in india; Concept of high powered money (H); Financial system: functions and importance; Financial markets: structure and different markets; Central bank: its functions; Commercial banks:functions, balance sheet; co-operative banking system in India; Development banks;Non-bank financial intermediaries; Unregulated credit markets; Allocation of institutional credit; Interest rate: heterogeneity, interest rates differentials, equalizing and non-equalizing differences in interest rates; New financial developments: Narasimham committee report on financial system.


    1. S. B. Gupta, Monetary Economics: Institutions, Theory and Policy, S.Chand and Co.Ltd, 2002


    1. L. V. Chandler and S. M. Goldfeld, The Economics of Money and Banking, Harper and Row, 1977.

    2. S. B. Gupta, Monetary Planning in India, OUP, 1995