Overview

Foundations of Money and Banking in India offers a comprehensive study of the Indian monetary and banking system from a pluralistic perspective. The textbook aims to integrate diverse theories of money and banking with the Indian experience, at the same time placing national development in a broader international political economy context. From a pedagogical perspective, the text discusses contemporary and pressing issues such as Indian demonetization experience, financial crises, modern monetary theory, central banking in an open economy, and a critical comparison of New Keynesian and Post Keynesian monetary macroeconomics. The book bridges theory with practical knowledge, by encouraging critical thinking through suggested students projects and advanced reading material, and is intended primarily for undergraduate and postgraduate students, but it may also serve as a pedagogical tool for faculty members, policymakers, and development practitioners interested in the evolving dynamics of money and banking in India.

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