Supply and demand for money

Monetary Economics has under- gone a sea of change in recent times. It no longer treats 'money' alone. Money has become a part of 'financial flows', comprising assets of varying degrees of liquidity. Financial institutions, banks and non banks, play the role of purveyors of those assets catering to the varying needs of an economy. 'Money' alone is no longer the focal point of regulatory measures of the Reserve Bank. The regulation of financial flows and the control of financial intermediaries have become the focal
point of analysis. The book deals with this theme in an equilibrium framework of supply and demand. The study makes a clear departure from the traditional treatment of the subject. Theories have been rigorously interpreted in an equilibrium framework of analysis.
The role of the non-banking financial intermediaries have been articulated and their linkages with other agencies in the financial market have been brought out and policy implications drawn. Indian situations and experiences have been constantly kept in view in treating the subject.