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MACROECONOMICS
NOTES
1.
Thomas R. Saving, “Monetary Policy Targets and Indicators,”
Journal of Political Economy
75, no. 4 (1967): 446–456.
2.
RBI, “Report of the Committee to Review the Working of the
Monetary System,” Chairman: S. Chakravarty, Mumbai (1985).
3.
A central bank refinancing facility can be thought of as
an overdraft facility whereby it grants to each credit
institution a generous credit line (at a given interest rate)
that it can draw on as and when it needs to. Access to this
facility depends on banks complying with supervisory
regulations in force.
4.
Calculated from
Handbook of Monetary Statistics of ...
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