Include index.

Contents: Evolution and functions of money -- Role of money -- Flow of funds accounts -- The circular flow of money -- Monetary standards -- Functions of commercial banks -- Organisation and structure of commercial banks -- Commercial bank policies and principles -- Credit creation by commercial banks -- Central banking: functions and credit control -- Index numbers -- Changes in the value of money -- Income and expenditure theory -- The Keynesian theory of monetary and prices -- Friedan's restatement of quality theory of money -- The supply of money -- The demand of money -- Theories of interest rates -- Term structure of interest rates -- inflation and deflation -- Financial markets -- Money and capital markets -- Financial dualism -- Financial intermediaries -- Non-bank financial intermediaries -- Inside money and outside money -- Neutrality and non-neutrality of money -- The real balance effect -- Patinkin's general equilibrium model -- The real balance effect -- IS and LM functions -- Monetary policies: objectives, targets and indicators -- Monetary policies: instruments and types -- time lags in monetary policy -- Role of money in the classical and Keynesian theories -- Classical, Keynesian and modern views on monetary policy -- The liquidity theory of money -- The monetarist revolution -- Monetary transmission mechanism -- Monetarism versus Keynesianism -- Fiscal policy and debt management -- Effectiveness of monetary and fiscal policy -- Assignment of policy instruments to targets -- Crowding out effect and availability doctrine -- The rational expectations hypothesis -- Business cycles -- Balance of payments-- Adjustments mechanisms of balance of payments -- The International Monetary Fund -- The World Bank -- The World bank Group -- International liquidity -- International Monetary System -- Euro-Currency Market -- European Monetary System and Euro -- The Asian Development Bank -- Present monetary system in India -- Indian capital market -- Moneylenders and indigenous bankers -- Cooperative banks in India -- Regional rural banks and NABARD-- Exchange banks -- Commercial banks in India -- Banking legislation in India -- Nationalisation of commercial banks -- The Reserve Bank of India -- Monetary policy of Reserve Bank of India -- The State bank of India -- Recent trends in the banking system -- Development banking in India -- Non-bank financial intermediaries in India -- Financial reforms in India -- Role and achievements of SEBI -- Mutual funds in India -- Merchant banking in India --