Monetary Policy#1: Money multiplier, Fractional Reserve, High Powered v. Narrow v. Broad Money
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- Опубліковано 16 чер 2024
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- So far in the budget and economic survey series 2017 (BES17): we've covered the evolution of money with special focus on digital payment in the light of de-monetization.
- Now we shall move to monetary policy- tools, review of last one year's policies and its limitations.
- But, first we must learn how can a Central Bank control money supply and liquidity in the system?
- In his book the General theory of employment, interest and money, the famous Economist John Maynard Keynes listed the motives for which people demand and keep money in liquid form 1) transaction motive 2) precautionary motive and 3) speculative motive- also known as the asset demand of money.
- We measure the money supply thus kept as "M1"- which is currency with public plus demand deposits in the banks. Because of the fractional reserve system, Every “R” reserve generates “1/r” new money
- What is money multiplier, why is it said that in a functional economy, money multiplier is always greater than one?
- What is M0: reserve money or high powered money? Why is it called liability of RBI?
- Measures of money supply: M0, M1, M2, M3, M4. what is broad money and what is narrow money? Which one has the highest liquidity?
- How can RBI combat inflation and deflation? What type of policy strategy should it use against these two scenarios? What is easy money policy, cheap money policy, dovish money policy vs. tight money policy, dear money policy, Hawkish money policy.
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Sir your BES171 series can be better understood if one goes through the L1 series first, this works as a quick revision.
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A big thank you sir ji !!
Brilliant explanation for Narrow Money and Broad Money. Economics has been a bit of a hiccup for me till now, but I can definitely say, it won't be any longer. Thank you!
Is is relevant for 2020 too?
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which series is best for 2019 aspirants ? out of the 3 ??
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Sir your earlier economics lectures are somewhere similar to BES series so which one we have to take for better preparation?
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Thank you so so much sir
sir please aapki phele ki videos 2015 wali main jinki relevancy aaj bhi hai unki list bana dijiye kyo ki main phele ki series follow ker raha hu to pata nahi lag pa raha kaun si video dekhu kyo ki Maine abhi economic start ki hai
Could you please share the link that provides for the list of relevant NCERT chapters as told by you in your 2015 lecture?
thank u sir
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sir this video and all video for economics is suitable for 2019 UPSC exam?
Very Good
But in ncert it is given that italso includes govt deposits with RBI :- IN high powered money
Nice class sir