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

Credit Policy, Interest Rates, Central Banking and All That-A Comment

 Credit Policy, Interest Rates, Central Banking and All That Suraj B Gupta II T PAREKH ("Credit Policy, Interest Rates, Central Banking and All That", May 25, 1974, pp 839-41) has come down heavily on the monetary and credit policy prescriptions of academic economists. His critique suggests that he has not invested enough effort to understand the economist's case for his policy recommendations. It is, therefore, appropriate to spell out the case briefly, and then to provide the economist's counter to Parekh's arguments for an easy and cheap credit policy in the present inflationary situation.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top