The interaction of monetary policy and wage bargaining in the European Monetary Union

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K. S. Hasan

This book, one of a series of guides to foreign banking systems, has been produced to present a concise account of the banking system currently operating in India, a two-tier system that has evolved from the joint influences of the traditional and English patterns. It is based on a German text written by Dr. Khaja Shoeb Hasan and translated in English by Roy North. It commences with an outline of the origins and develolpment of the Indian banking system and describes its economic background, legal framework and particular features. The Reserve Bank of India, its functions and its central role in controlling the financial and credit sectors is described, as are the functions of the commercial banks and their nationalisation. The various credit institutions concerned with raising finance for agriculture and industry are also discussed. Official statistics including those of the Reserve Bank of India have been culled from primary sources and are extensively quoted throughout the book.

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Milan Nikolić

"Lack of coordination of fiscal and monetary policies, disregard for the high degree of inflation persistency, unstable relations and bilateral causality between money supply and inflation, all imply an inappropriateness of money-based stabilizations for the transition economy of postcommunist Russia conducted under the auspices of the IMF. As a representative of the West, the IMF pretended to aid Russians through stabilisation. The IMF promised loans while the Russian government promised reforms. This turned out to be a pseudo lending for pseudo reforms with disastrous consequences for the Russian economy as explored and scrutinized in this volume."--BOOK JACKET.

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David A. Adler

Discusses the reasons for inflation, the effects it has on the spending power of the government and the individual, the influence of supply and demand, and what can be done to curb this phenomena.

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Robert E. Hall

This volume presents the latest thoughts of as brilliant group of young economists on one of the most persistent economic problems facing the United States ad the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views-many of which challenge established orthodoxy-they illuminate the economic and political processes involved in this important issue.