The comprehensive book, Central Banking, is a great guide to get to know what exactly happens in the banking sector. It will help you to ensure that you are able to go through a complete history of central banking in this country.
Synopsis
The developing areas of interest of the practicing bankers have also been discussed in this edition. For people who aspire to clear the banking entrance exams in India, this book is of great help. The book tends to cover all the functions of central banks and also the evolution of banking in India giving a complete and concise history on the centralised banking system. The monetary policy and credit policy has also been discussed in detail in this book. Detailed analysis of the relation between fiscal and monetary policies has also been included. Lastly, the evolution of the regulation and the supervision has been introduced in such a manner that it can be easily understood. The book concludes on a discussion on financial stability, which is a very useful chapter. This is one of the best books on the matter, which any aspirant, planning to take the banking exams, should go for.
