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About Parameters of MP
This document provides an overview of the parameters of monetary policy in India according to Dr. Y V Reddy, Deputy Governor of the Reserve Bank of India. It discusses the objectives, transmission mechanisms, strategies, tactics, and operating procedures of monetary policy. The objectives include price stability as well as currency stability, financial stability, growth in employment and income. The transmission mechanisms include interest rate, exchange rate, asset price, and money supply/credit channels. Strategies include monetary targeting, exchange rate targeting, multiple indicators approach, and inflation targeting. Tactics must be aligned with the monetary strategy. Operating procedures involve choosing an operational target such as reserves, base money, or interest rates and conducting market operations accordingly.
Detailed Information
| Author: | ['Juglary'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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