| 000 -LEADER |
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| fixed length control field |
01084pab a2200157 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
180718b2001 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
D'Souza, Errol |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
The changing monetary environment |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2001 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.299-301 |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
27 Jan |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
In the recent past the RBI has been using open market operations to sterilize the inflows of foreign capital so as to contain domestic monetary expansion. Due to a rise in the income velocity of base money this has created an incentive for the government to resort more to market borrowings from banks which has raised real interest rates and which exerts a depressing impact on the growth of economic activity along with creating pressures for the inflation rate to increase. The changed environment calls for a reduction in government expenditures which, whilst reducing interest rates and enhancing the level of economic activity, will also help nudge the economy to a lower inflation level. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Monetary policy |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Economic and Political Weekly |
| 909 ## - |
|---|
| -- |
47694 |
