New horizon in central banking

This book has arisen out of fifteen years off continuous research and practical work by the author on the problems of developing nations. By integrating the fields of central banking with economic planning of develop ing countries, this valuable and highly readable study presents a new understanding to the dynamic role which a versatile and percipient central bank might play to aid development.

In a wide ranging, yet detailed overview of the field, this study describes the central banking mechanism with particular emphasis on the dynamic role of the Reserve Bank of India.

The book's purpose in general is to give the audience a fair understanding of the economic problems facing the developing nations in their attempt to bridge the gap between themselves and the developed nation; and their desire to modernize their economics. The author firmly believes that the latent natural and human resources of the developing countries can be utilized with the help of effective planning, to accelerate the economic growth of practically all evolving of the monetary authorities to adapt constantly the technique of central banking to the everchanging national economic situations.