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Some Aspects of Monetary Targeting in India

Author

Listed:
  • Sanghamitra Sahoo

    (Institute for Social and Economic Change)

  • B Kamaiah

Abstract

This study highlights the relevance of monetary targeting in India by looking at the stability of money demand function. Employing the co-integration techniques the study concludes that despite financial liberalisation that has been taking place in India, the money demand function has been found to be stable.

Suggested Citation

  • Sanghamitra Sahoo & B Kamaiah, 2000. "Some Aspects of Monetary Targeting in India," Working Papers 63, Institute for Social and Economic Change, Bangalore.
    • Handle: RePEc:sch:wpaper:63
    as

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    References listed on IDEAS

    as
    1. M. D. K. W. Foot, 1981. "Monetary Targets: Their Nature and Record in the Major Economies," Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetary Targets, chapter 1, pages 13-61, Palgrave Macmillan.
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    5. Friedman, Benjamin M, 1984. "Lessons from the 1979-82 Monetary Policy Experiment," American Economic Review, American Economic Association, vol. 74(2), pages 382-387, May.
    6. Mishkin, Frederic S., 1998. "International Experiences With Different Monetary Policy Regimes," Seminar Papers 648, Stockholm University, Institute for International Economic Studies.
    7. Waud, Roger N, 1973. "Proximate Targets and Monetary Policy," Economic Journal, Royal Economic Society, vol. 83(329), pages 1-20, March.
    8. Carlstrom, Charles T. & Fuerst, Timothy S., 1995. "Interest rate rules vs. money growth rules a welfare comparison in a cash-in-advance economy," Journal of Monetary Economics, Elsevier, vol. 36(2), pages 247-267, November.
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    Keywords

    Monetary Economics; Monetary Targeting;

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