Syllabus

Course Code: M-BECOE -024    Course Name: Elective Course - Economics of Banking-I

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1 Conceptualization of Money
Money: Meaning, Classification and Functions, Gresham’s law, Monetary standards, Metallic and paper systems of note issue; Measures of money supply and sources of reserve money in India; Brief history of Indian Rupee; Value of money, Measurement and determination.
Reading List
• Handa, J. (2009). Monetary Economics. Routledge, London.
• Mishkin, F.S. (2016). The Economics of Money, Banking and Financial Markets. Pearson Education.
• Mitra, S. (2000). Money and Banking. Random House, New York.
• Goldfield, S.M. & Chandlar, L. V. (1981). The Economics of Money & Banking. Harper & Row.
2 Commercial Banking
Meaning and functions of commercial banks, the process of credit creation, Purpose and limitations, Liabilities and Assets of banks, Investment policy of commercial banks, Commercial bank and economic development, Co-operative banks, A critical appraisal of the progress of commercial banking after nationalization.
Reading List
• Basu, C.R. (1991). Commercial Banking in the Planned Economy of India. Mittal Publications, New Delhi.
• Gupta, S.B. (1996). Monetary planning for India. S. Chand & Company, New Delhi.
• Hajela, T.N. (2009). Money and Banking: Theory With Indian Banking. Ane Books Pvt. Ltd.
• Pathak, B.V. (2018). Indian Financial System: Markets, Institutions and Services. Pearson India Education Services Pvt. Ltd.
• Sayers, R.S. (1964). Modern Banking. Clarendon Press.
• Sharma, K.C. (2007). Modern Banking in India. Deep & Deep Publications, Pvt. Ltd., New Delhi.
3 Credit Control and RBI
Functions, objectives and methods of credit control: quantitative and qualitative methods, Role and functions of Reserve Bank of India, Objectives and limitations of monetary policy of RBI; Recent Policy measures.
Reading List
• Hossain, A.A. (2015). The Evolution of Central Banking and Monetary Policy in the Asia-Pacific. Edward Elgar Publishing Limited, UK.
• Jadhav, N. (2006). Monetary Policy, Financial Stability, and Central Banking in India. Macmillan India Ltd.
• Ramachandran, P.P. (2016). RBI: An Anecdotal History. Academic Foundation.
4 Indian Money Market
Structure of financial market in India; Structure and functions of Indian money market including call money, treasury bills and commercial bills, weaknesses of money market in India, Money markets instruments; Development banking in India: IFCI, IDBI, and ICICI.
Reading List
• Mishkin, F.S. (2016). The Economics of Money, Banking and Financial Markets. Pearson Education.
• Sharma, M. (Ed.). (2005). Studies in Money, Finance and Banking. Atlantic Publishers.
• Shah, A., Thomas, S. & Gorham, M. (2008). India’s Financial Markets: An Insider’s Guide to How the Markets Work. Elsevier.
• Machiraju, H.R. (2003). International Financial Markets And India. New Age International Publishers.
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