Demand for money function in India has been experimented with various specification and estimation issues. The main … rate variable implies that interest rate cannot be a suitable variable for monetary management variable in India …

The recent advent of the era of Inflation Targeting in India’s monetary policy is symbolic of a rule based approach to … and discrete, monetary policy arrangement proves to be inimical to India’s economic growth considering structural factors … approach driven by the need to target inflation makes this relationship all the more pertinent and consequential to India …

The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money …