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

Special Articles Demand for Money in India 1961 62 to 1976 77

The two important influences on the demand for money are income and the rate of interest. There is, however, no unanimity of opinion about what constitutes money and what is the specification of the rate of interest. In a dualistic developing economy, in which money rates are generally administered, a particularly serious problem is specifying an appropriate rate of interest, This note attempts to use a concept of the rate of return hitherto not tried while examining the de-mand for money in India.

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


(-) 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