About the Book
Monetary economics is a branch of economics that provides a framework for analysing money in its functions as a medium of exchange, store of value, and unit of account. It considers fiat currency can gain acceptance purely because of its convenience as a public good. Monetary economics formally emerged as a field of study in the 1950s through the concept of monetarism as described by economist Milton Friedman. Monetarism postulates that government regulation of a nation’s money supply can ensure economic stability by keeping prices and inflation under control. In this way, monetary economics is an offshoot of Keynesian economics, which calls for an active government role in balancing economic fluctuations.
The present book highlights, considers and discusses various contemporary issues of banking. It is hoped that the present edition of this book will be beneficial to all concerned of the society, in general and students, lawyers, advocates, academicians, human rights institutions, researchers and NGOs working in commerce/ economics field, in particular. Contents of the book are Barter Trade, Evolution of Money, Monetary Policy, Fiscal Policy, Money Market, Capital Market, Quantity Theory of Money, Inflation and Deflation, Commercial Banking, Central Banking, Cooperative Banking, Islamic Banking, State Bank of India, Non-Banking Financial Intermediaries, National Income, Unemployment, Poverty, Rural-Urban Migration, Balance of Payment, International Financial Institutions, International Economic Organizations, Multinational Corporations, Joint Venture, Foreign Market Entry.
About the Authors
Prof. B.K.Panda (MA, M.Phil, Ph.D) is working as professor & Head, Department of Economics, Berhampur University, Odisha. He has published various papers in reputed National and International Journals, like as. IUP Journal of Management Research, International Journal of Business Research, Indian Economic Journal, Apeejay Journal of Management, International Journal of Environment and Development, Indian Journal of Economics, Journal Of Rural Development, etc. He has published various books in economics, like as Economic Reforms and Emerging Patterns of Employment, Consumption, Poverty and Inequality, Applied Demand Analysis, Serial Publications etc. He has also supervised many Ph.D and M.Phill scholars in economics.
Dr. Sukanta Sarkar (MA, PhD) is working as Assistant Professor in Faculty of Management Studies, ICFAI University, Agartala Tripura, India. He did master degree in Economics from Tripura University. He was awarded doctorate degree for his research work on socio-economic changes of rubber tappers in Tripura from Singhania University, Rajasthan. He qualified UGC-NET Exam in December/2006. Currently he is post-doctorate scholar in Berhampur University, Odisha. He presented many research papers in various seminars, conferences and symposiums. Various research papers have been published in foreign and national journals. He also previously worked as visiting lecturer in National Institute of Technology, Agartala and Tripura University. He has research interest in various topics like agricultural crisis, rural development, women empowerment, sustainable development and social problems. He has authored books relating to Corruption, Human trafficking, Orphan children, Rubber plantation, Corporate social responsibility, Handicraft workers, Deforestation, Environmental pollution, Agrarian economics, Illegal trafficking, Environmental Science, Autonomous District Council & Tribal Welfare and Social security.