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

A+| A| A-

Monetary Policy Scepticism

Commercial Banks and Monetary Policy in India by Partha Ray

F ew of the nancial systems in the world have been repeatedly subjected to as close a study and critical assessment as the Indian nancial system has been, both on individual initiative and at the ofcial levels. The corrective and proactive measures taken to calibrate the system in the light of the study ndings, in particular with reference to the banking sector, from time to time seem to have helped the country resist the contagion from the east Asian crisis of the mid-1990s and the recent nancial turmoil that emanated from the United States (US).

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


To gain instant access to this article (download).

INR 59

(Readers in India)

$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.