by considering various models of banking systems. Part Two provides an account of the modern theory of income and …Part One of this book deals with the theory of how money is created and destroyed. Essential principles are illustrated … employment.* Theory backed up with examples of the simplest to the most complicated models, for example:* The model of ""a closed …

money and income in a developing country like India for the period 1950-51 to 2008-09. The study uses the annual data on …-run causality from income to money does not hold good in India over the sample period. But such causality holds in the long …In any economy money and income are important macro-economic variables which play a significant role in influencing …