Skip navigation
Skip navigation

On the endogeneity of the money multiplier in India [Working paper 2001/12]

Jha, Raghbendra; Rath, Deba Prasad


Citing a break in the statistical association between the broader money aggregates and reserve money in the post-reforms period of the 1990s vis-a-vis the 1980s, this paper argues that an endogenous money multiplier framework is best suited for analyzing the money supply process in India and questions the simplifying assumptions tending to justify stability and predictability of the money multiplier especially in the context of a deregulated financial system with market determined interest...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper


File Description SizeFormat Image
jha_rath.pdf142.6 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator