The Indian Money Market Research Paper

Presents an extensive look at the Indian money market especially its function and its instruments.
# 146076 | 9,280 words | 18 sources | MLA | 2008 | IN


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Description:

This paper reviews the operation and history of the Indian money market and the role of the Reserve Bank of India. The paper details the money market instruments, which are treasury bills, commercial papers, commercial bills, certificates of deposit, call/notice money market and money market mutual funds. The paper also compares money market securities and describes repo transactions. Several graphs are included with the paper.

Table of Contents:
Introduction
Functions of the Money Market
Benefits of an Efficient Money Market
The Indian Money Market
Role of the Reserve Bank of India in the Money Market
Steps to Develop the Money Market in India
In the 1980s
In the 1990s
Money Market Centers
Money Market Instruments
Treasury Bills
Feature of T-Bills
Types Of T-Bills
Importance of T-Bills
Development of T-Bills Market
Sale of T-Bills
Commercial Paper
Guidelines Relating to CPs
Summary of Guidelines for Issuance of CP
Size of the CP Market
Factors Inhibiting the Growth of the CP Market
Commercial Bills
Types of Commercial Bills
Features of Commercial Bills
Measures to Develop the Bills Market
Certificates of Deposit
Features of CDs
Measures to Develop the CD Market
Factors Inhibiting the Growth of CDs
Call/Notice Money Market
Introduction
Why Call Money
Participants in the Call Money Market
Role of the Reserve Bank in the Call Money Market
Term Money Market
Money Market Mutual Funds
Comparing Money Market Securities: A Comparison of Rates
Repo Transactions

From the Paper:

"Ad hoc bills were introduced in 1955. It was decided between the Reserve Bank and the government of India that the government could maintain with the Reserve Bank a cash balance of not less than Rs. 50 crore on Fridays and Rs. 4 crore on other days, free of obligation to pay interest thereon, and whenever the balance fell below the minimum, the government account would by replenished by the creation of ad hoc bills in flavor of the Reserve Bank. Ad hoc 91-day T-bills were created to replenish the government's cash balances with the Reserve Bank."

Sample of Sources Used:

  • Aai, K., The Optimal Insurance Against Consumption Price Risks, Hitotsubashi Journal of Economics, Vol. 35, No. 1, June 1994.
  • Adams, T.F.M. and Hoshii, Iwao, A Financial History of the New Japan, Kodansha International Ltd., Lokyo 1972.
  • Ambrose, J.M. and Carroll, A.M., Using Best's Ratings in Life Insurer Insolvency Prediction, Journal of Risk and Insurance, Vol. 61, No. 2, June 1994.
  • American Council of Life Insurance, Life Insurance Factbook, Washington D.C., 1990.
  • Annual Report on Currency and Finance, Reserve Bank of India Publication.

Cite this Research Paper:

APA Format

The Indian Money Market (2010, December 15) Retrieved September 29, 2020, from https://www.academon.com/research-paper/the-indian-money-market-146076/

MLA Format

"The Indian Money Market" 15 December 2010. Web. 29 September. 2020. <https://www.academon.com/research-paper/the-indian-money-market-146076/>

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