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Definitions and Measures of Money Supply in India

Das, Rituparna (2010): Definitions and Measures of Money Supply in India. Published in: Chapter in the book 'Monetary History of India: Forecasting Perspective of Central Banks and Economists', ISBN-13:978-3639269475 (25 June 2010): pp. 5-21.

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Abstract

A major part of this paper is literature review. The paper compiles in a nutshell all studies on definitions and measures of Money supply in India in a chronological yet logically consistent manner In doing so, alternative measures of money supply have been compared in this paper and it is found that the measure used by RBI is statistically more significant than the other advocated by a number of authors.

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