Munich Personal RePEc Archive

Government Borrowing and Money Supply

Das, Ritupana (2003): Government Borrowing and Money Supply. Published in: The modified version is published as chapter in the book "Monetary History of India: Forecasting Perspective of Central Banks and Economists", wrieen by R Das and published from Saarbrücken by Verlag Dr. Müller, ISBN-13:978-3639269475 (25 June 2010)


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Inquiry into the links between government borrowing and money supply boils down to a discourse on definitions and measures of money supply. Indian economists use the terms ‘money’, ‘money supply’ and ‘money stock’ synonymously. Above literature on definition of money supply reflects intellectual discourses and dialogues among economists, which need concrete shapes in form of measures of money supply, because concrete measures of money supply are more useful than abstract concepts for the purposes of modelling and forecasting.

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