Researchers reported that there were two approaches to money supply determination in India: balance sheet or structural approach and money multiplier approach; the former focused on individual items in the balance sheet of the consolidated monetary sector in order to explain changes in money...

This article analyses the issues, unaddressed in the contemporary econometric literature on forecasting money supply in India, with the help of the relevant studies. In doing so there is an attempt to ascertain what could be the best fit model to forecast money supply in India

This paper proposes to quantify the macroeconometric relationships among the variables broad money, lending by banks, price, and output in India using simultaneous equations system keeping in view the issue of endogeneity

The definition of money supply is in an evolving process in India since 1961. Indian economists use the terms 'money', 'money supply' and 'money stock' synonymously. Despite the definitions of money in the context of India provided by RBI and Indian monetary economists there was a feeling...