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  • Publisher:
    Cambridge University Press
    Publication date:
    23 November 2018
    22 February 2018
    ISBN:
    9781108123334
    9781107191273
    Dimensions:
    (228 x 152 mm)
    Weight & Pages:
    0.53kg, 306 Pages
    Dimensions:
    Weight & Pages:
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Book description

This book is a comprehensive analysis of the implications of rising public debt in India. It specifically investigates the implications of domestic debt on consumption, the effect of monetised debt on prices, the long-term relationship between domestic debt and growth, and the separation of debt and monetary management. It studies data on debt in India from 1951 to 2017, and covers a wide canvas of issues related to debt management and important developments in the government securities market. It discusses trends in domestic debt, and provides a descriptive review of the major components of public debt. The book presents a close theoretical discussion on the Ricardian equivalence hypothesis, an important concept both historically and in contemporary literature on public debt. The implications of domestic debt delineated in the objectives are empirically analysed.

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Contents

  • Frontmatter
    pp i-iv
  • Contents
    pp v-vi
  • List of Tables and Figures
    pp vii-x
  • Preface
    pp xi-xii
  • 1 - Introduction
    pp 1-7
  • 2 - Public Debt in India
    pp 8-61
  • 3 - Ricardian Equivalence: Introduction
    pp 62-75
  • 4 - Ricardian Equivalence: Empirical Studies Utilising Consumption Function
    pp 76-129
  • 5 - Ricardian Equivalence and Consumption in India
    pp 130-144
  • 6 - Monetisation of Debt in India
    pp 145-183
  • 7 - Domestic Debt and Economic Growth in India
    pp 184-210
  • 8 - Separation of Debt from Monetary Management
    pp 211-258
  • 9 - Conclusions and Policy Implications
    pp 259-264
  • Bibliography
    pp 265-288
  • Index
    pp 289-296

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