Institute for Social and Economic Change


SOME ASPECTS OF MONETARY
TARGETING IN INDIA
 

Sanghamitra Sahu
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.
 


Working Papers