Monetary Policy‚ Inflation‚ and the Business Cycle This page intentionally left blank Monetary Policy‚ Inflation‚ and the Business Cycle An Introduction to the New Keynesian Framework Jordi Galí Princeton University Press Princeton and Oxford Copyright © 2008 by Princeton University Press Published by Princeton University Press‚ 41 William Street‚ Princeton‚ New Jersey 08540 In the United Kingdom: Princeton University Press‚ 6 Oxford Street‚ Woodstock‚ Oxfordshire OX20 1TW All Rights Reserved
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Characteristics Financial Structure 5.1 Central bank — Reserve Bank of India (RBI) 5.1.1 Background 5.1.2 Function and Roles 5.2 Commercial Banks 5.2.1 5.2.2 5.2.3 5.3 Public Sector Banks Private Banks Foreign Banks 6 6 6 7 7 7 7 7 8 8 8 9 9 9 9 9 10 10 10 10 10 10 11 12 2 Co-operative Banks 5.3.1 Short-term Credit Co-operatives 5.3.1.1 Primary Agricultural Credit Societies (PACS) 5.3.1.2 Central Co-operative Banks (CCBs) 5.3.1.3 State Co-operative Banks (SCBs) 5.3.2 Long-term Credit Co-operatives
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Bank: The term Bank derives from the Italian word banco‚ which means "desk/bench"‚ used to make transactions above a desk covered by a green tablecloth. Banks are among the most important financial institution in the economy. Bank is the intermediary financial institution it takes deposit from the surplus unit and provide loan to the deficit unit. The various definition of bank have been given by many writers; among those some definitions are as follows‚ * A bank is a financial organization
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cause during the whole spread of crisis. The Impacts of European sovereign debt crisis Foreign exchange Foreign exchange market‚ as the largest and the most liquid financial market‚ with an average daily trading volume of nearly $1.5 trillion changing hands where statistically it is superior to all US equity and Treasure markets combined (Michelle Chan‚ 2011)‚ was expectedly deteriorated as well as fluctuated by the ongoing European debt sovereign crisis since 2008. On one hand‚ the foreign
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the central bank of the country‚ The Central Bank of Utopia had an immediate problem to tackle. The country was facing a hitherto unprecedented high rate of inflation [of around 15%]‚ which was believed to be largely attributed to excessive liquidity in the economy owing to booming private investment in the real estate sector of the country. The Government wanted The Central Bank to advise it on ‘what was to be done’- both from the perspective of the Central Bank and The Government. The Bank itself
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Sentral ng Pilipinas is the central bank of the Philippines. It was rechartered on July 3‚ 1993‚ pursuant to the provision of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The BSP was established on January 3‚ 1949‚ as the country’s central monetary authority. A group of Filipinos had conceptualized a central bank for the Philippines as early as 1933. It came up with the rudiments of a bill for the establishment of a central bank for the country after a careful
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borrowed reserves (NBRs) and borrowed reserves (BRs)‚ direct borrowing from the fed‚ the cost of which is known as the discount rate. Because borrowing federal funds from other banks is a substitute for borrowing from the central banks (taking out discount loans)‚ if the federal funds rate falls below the discount rate‚ then banks will not borrow from the fed and borrowed reserves will be zero. So as long as the interbank rate remains below discount rate‚ the supply will equal non- borrowed reserves so
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decide? (a) CAR (b) CRR (c) Base Rate (d) Bank Rate 6. What does ‘T’ in RTGS stand for? (a) Transaction (b) Transfer (c) Tax (d) Time 7. In banking‚ IFSC code stands for_________________. (a) International Format System Code (b) Indian Function System Code (c) International Forex System Code (d) Indian Financial System Code 8. If a customer does not get a satisfactory response to his grievance from the bank within _____ days‚ then he can approach the Banking
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A PROJECT REPORT ON FOR SATVIK INVESTMENT FINANCIAL SERVICES PVT. LTD SUBMITTED TO NORTH MAHARASHTRA UNVERSITY IN PARTIAL FULFILLMENT OF TWO YEARS FULL TIME MASTER DEGREE IN BUSINESS ADMINISTRATION (MBA) SUBMITTED BY MANGESH GAIKWAD (BATCH – 2009-2011) DEPARTMENT OF MANAGEMENT STUDIES NORTH MAHARSHTRA UNVERSITY JALGAON-425001 Company certificate Declaration I Mr. Mngesh Gaikwad hereby declare that the project entitled “Technical Analysis on Banking Sector” carried out at Satvik Investments
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Impact of fiscal and monetary policy on the economy Economic stability is the most important thing for any county in the world. Central banks‚ Governments often intervene in their economies in an attempt to maintain the economic stability. So to maintain the economic stability‚ fiscal and monetary policies plays a major role in it. In most of the economies the objective of fiscal policy is to increase the output of the country while the monetary policy deals with the control of interest and inflation
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