The Reserve Bank of India 1951-1967
by Balachandran, G.Format: Hardcover
Pub. Date: 1998-07-02
Publisher(s): Oxford University Press
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Summary
This is the only authoritative history of the most important institution in India's economic development. Balachandran's book, meticulously researched and based on unrestricted access to the Reserve Bank of India's untapped records, completely covers the formative years after this nation's independence. Documented here (for the first time anywhere) is India's full-scale establishment of an institutional infrastructure for agricultural and long-term industrial credit and regulation banking. The book also takes a close look at India's external sector development. Finally, it explores the enduring relationship between the national government and the central bank. The depth and detail of Balachandran's work make this book a pioneering one. Students, researchers, and teachers of economics and modern Indian history--as well as bankers and journalists--will consider this volume essential.
Author Biography
G. Balachandran teaches at the Department of Economics, Delhi School of Economics.
Table of Contents
| List of Tables | |
| List of Illustrations | |
| Introduction | p. 1 |
| Monetary and Credit Policy | p. 9 |
| Deficit Financing and the Environment for Monetary Policy | p. 12 |
| Monetary Policy, 1951-61 | p. 50 |
| The Difficult Years, 1961-67 | p. 87 |
| Financing Governments | p. 133 |
| Managing the Centre's Finances | p. 135 |
| Banking for State Governments | p. 184 |
| Rural Credit | p. 229 |
| Charting New Vistas | p. 231 |
| The Bank and Cooperative Credit | p. 264 |
| Towards a State Banking Sector | p. 317 |
| From Imperial Bank to State Bank | p. 318 |
| Subsidiaries of the State Bank | p. 355 |
| Banking Developments | p. 397 |
| Regulating Banks and Deposit Institutions | p. 400 |
| Crisis, Consolidation, and Growth, 1951-67 | p. 453 |
| Financing Industry | p. 513 |
| Building an Institutional Infrastructure | p. 515 |
| Financing Small Industries and Exports | p. 553 |
| The External Sector | p. 591 |
| The Problems of Plenty, 1947-56 | p. 593 |
| Dealing with Scarcity, 1957-63 | p. 625 |
| Crisis and Devaluation, 1963-67 | p. 657 |
| The Bank and Governments | p. 695 |
| Appendixes | p. 745 |
| Currency: Changes and Challenges | p. 746 |
| P.L.480 Arrangements | p. 760 |
| The Palai Central Bank | p. 767 |
| The Bank and the Mundhra Affair | p. 794 |
| Administering Exchange Controls | p. 808 |
| Quota Increases at the Fund | p. 836 |
| Bilateral Rupee Payment Agreements | p. 845 |
| Selected Documents | p. 857 |
| Index | p. 1176 |
| Table of Contents provided by Blackwell. All Rights Reserved. |
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