Some Aspects of Monetary Targeting in India

Sanghamitra Sahoo and B Kamaiah
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Sanghamitra Sahoo: Institute for Social and Economic Change

No 63, Working Papers from Institute for Social and Economic Change, Bangalore

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.

Keywords: Monetary Economics; Monetary Targeting (search for similar items in EconPapers)
Pages: 20 pages
Date: 2000
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