ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Narendra JadhavSubscribe to Narendra Jadhav

Financial Sector Reforms and the Balance Sheet of the RBI

The conduct of the Reserve Bank of India?s monetary policy in the 1990s has shaped and in turn, been shaped by the programme of financial sector reforms. The operating procedure of monetary policy had to be comprehensively recast to enable the shift from direct to indirect monetary policy instruments in consonance with the increasing market orientation of the economy. This paper examines the impact of financial sector reforms on the balance sheet of the RBI. In the wake of financial sector reforms, we find that a regime switching has taken place in the RBI?s asset size as well as in the size of its surplus. Moreover, the RBI Balance Sheet has become more transparent in line with international accounting standards.

Neglected Economic Thought of Babasaheb Ambedkar

Babasaheb Ambedkar Narendra Jadhav Babasaheb Ambedkar was not only an economist by training, but he devoted considerable attention to analysing the economic dimensions of social problems. His interest in, and insights into, contemporary economic problems stand out in the many memoranda he submitted to the government from time to time. Against this background, the general ignorance of Ambedkar's contributions as an economist is as surprising as it is unfortunate.

Fiscal-Monetary Dynamic Nexus in India-An Econometric Model

Fiscal-Monetary Dynamic Nexus in India An Econometric Model Narendra Jadhav Bolwant Singh With several developing countries, including India, experiencing chronic, and at times accelerating, inflation, there is renewed concern regarding the fiscal-monetary nexus in these countries. Against this background, this paper analyses the short-term dynamics of-budget deficit, money supply, inflation and economic growth in the Indian context.

Definition and Measurement of Money Supply

Definition and Measurement of Money Supply Narendra Jadhav L M BHOLE has undertaken a fresh and comprehensive discussion of major issues relating to the concept, measurement and determination of money supply (EPW, June 6, and 13, 1987). The major points which emerge from Bhole's analysis may be summarised as follows:

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