The Reserve Bank of India today placed Working Paper titled "Long Run and Short Run Saving-Investment Relationship in India ( " by Bichitrananda Seth. Savings are the backbone of investment, wherein higher savings lead to higher growth in an economy with conducive macroeconomic environment and a developed financial system. This Working Paper examines short and long run relationship between gross domestic savings and investment as well as corporate sector savings and corporate sector investment in India using Engel Granger Cointegration test for the period between 1980 and 2008.
The Reserve Bank of India today placed Working Paper titled "Recent Global Crisis and the Demand for Gold by Central Banks: An Analytical Perspective ( " by A Karunagaran. In the wake of the global financial crisis, a number of investors including central banks seem to augment their reserves of gold perhaps affecting its price. India also purchased gold in October 2009 from IMF. Against this background, the paper examines whether RBI’s purchase of gold was a reserves management strategy and whether such purchases affected the gold price trend.
The result of the RBI Reverse Repo auction held today is as under:
The Reserve Bank of India today placed Working Paper titled "An Empirical Analysis of Monetary and Fiscal Policy Interaction in India ( " by Janak Raj, J.K. Khundrakpam and Dipika Das In a cross-country context, there has been a renewed interest in analysing the interaction between fiscal and monetary policies in the recent years. Several factors have contributed to this trend. These include: i) increasing independence of central bank in the conduct of monetary policy; ii) Stability and Growth Pact (SGP) and formation of European Monetary Union (EMU) under which individual countries pursue independent fiscal policies, but have a common monetary policy; and iii) the demonstrated need for a coordinated response of monetary and fiscal policies during the recent global crisis.
Older News
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
Copyright© 2011 The Gaea Times