II. FISCAL-MONETARY CO-ORDINATION – THEORY AND INTERNATIONAL EXPERIENCE
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III. FISCAL-MONETARY CO-ORDINATION IN INDIA: AN ASSESSMENT
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IV. FISCAL OPERATIONS AND THE RESERVE BANK’S BALANCE SHEET
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policy?, IMF Working paper, February.
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to the Government”, Kyklos, Vol.51, 73-88.
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at the 150th Anniversary of the Central Bank of the Russian Federation, Moscow, 18 June, available
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Horakova, Martina (2011), “Central Bank Capital Levels: Do They matter and What can be Done?”,Central
Banking Journal, June 2.
Hochreiter, Eduard and Riccardo Rovelli (2002), “The Generation and Distribution of Central Bank
Seigniorage in the Czech Republic, Hungary and Poland”, Banca Nazionale del Lavaro, Quarterly
Review No. 223, December, pp. 391-415
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Balance sheet, Analytics and Dynamics of Evolution, RBI Occasional Papers.
Jadhav, Narendra, Partha Ray, Dhritidyuti Bose and Indranil Sengupta (2005), “Financial Sector Reforms
and the Balance Sheet of the Reserve Bank of India”, Economic and Political Weekly, Vol. 40, No.12,
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Perspective”, paper presented in the Central Banks Conference of the Bank of Israel, Jerusalem,
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Subbarao, Duvvuri (2011), “Implications of the Expansion of Central Bank Balance Sheets”, Comments by
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Sweidan, Osama D. (2011), “Central Bank Losses: Causes and Consequences”, Asian-Pacific Economic
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Issues”, in BIS Policy Papers no 5, pp 3–72.
V. FISCAL-MONETARY POLICY CO-ORDINATION AND INSTITUTIONAL ARRANGEMENTS FOR
GOVERNMENT DEBT AND CASH MANAGEMENT – A MEDIUM-TERM OUTLOOK
Aisen, A. And D. Hauner (2008), “Budget Deficits and Interest Rates: A Fresh Perspective”, IMF Working
Paper WP/08/42.
Blommenstein, H. and P. Turner (2011), “Interactions Between Sovereign Debt Management and Monetary
Policy Under Fiscal Dominance and Financial Instability”, OECD Working Papers on Sovereign
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Mohanty, D. (2012), “Evidence on Interest Rate Channel of Monetary Policy Transmission in India”, Paper
presented at the Second International Research Conference organised by the RBI on February 1-2,
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and Central Banking in Emerging Countries”, BIS Paper No.20, October
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Sector Discussion Series, World Bank, May.
Muscatelli, V.A., P. Tirelli and C. Trecroci (2002), “Monetary and Fiscal Policy Interactions over the Cycle:
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Raj, J., J. K. Khundrakpam and D. Das (2011), “An Empirical Analysis of Monetary and Fiscal Policy
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Subbarao, D. (2011), “Central Bank Governance Issues – Some RBI Perspectives”, Comments at the
meeting of the Central Bank Governance Group, Bank for International Settlements, Basel, 9 May
2011.
Subbarao, D. (2012), “Price Stability, Financial Stability and Sovereign Debt Sustainability – Policy Challenges
from the New Trilemma”, Inaugural Speech at the Second International Research Conference of the
Reserve Bank of India at Mumbai on February 1, 2012.
Taylor, J. (1993) “Discretion versus policy rules in practice”, Carnegie-Rochester Conference Series on
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Dynamics, 15.
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Framework”, Policy Research Working Paper No.4369, The World Bank.
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Zoli, E. (2005), “How Does Fiscal Policy Affect Monetary Policy in Emerging Market Countries?” BIS Working
Paper No.174, April.
VI. LESSONS AND FUTURE CHALLENGES
Blommenstein, H. and P. Turner (2011), “Interactions Between Sovereign Debt Management and Monetary
Policy Under Fiscal Dominance and Financial Instability”, OECD Working Papers on Sovereign
Borrowing and Public Debt Management No. 3.
Jordan, Thomas J. (2012), “Some Lessons for Monetary Policy from the Recent Financial Crisis”, International
Journal of Central Banking, Vol. No. 8. Supplement 1, January. |