Central Banking in Developing Countries by Anand Chandavarkar download in iPad, ePub, pdf
The central bank can provide training facilities to meet the personnel requirements of the banks. The government requires a vast amount of finance for this purpose, for which the country is to rely on the method of deficit financing i.
Through its various credit control instruments i. In short, the central bank has to play not only regulatory, but also developmental role in the developing countries. The rising price level is regarded as a concomitant of economic development.
The central bank can help in establishing a suitable interest rate structure to influence the direction of investment in the country. Moreover, as a banker to the government, the central bank can provide funds for initiating investment in the public sector. Along with the objective of economic growth, the central bank should also attempt to maintain internal price stability. For this, the specialised financial institutions should be established which provide term-loans to these sectors.
The central bank can ensure adequate monetary expansion in the country. Finally, the central bank in a developing economy like the R. The central banks in the developing countries perform both traditional and non-traditional functions.
In such a situation, the central bank should come forward to fill in the credit gaps. The central banks in the developing countries should aim at promoting the process of economic growth. Foreign exchange constraint is often found to be a serious obstacle to the growth of a developing economy. The central bank in a developing economy is required to take necessary steps in holding the price line at a desired level so that plan-estimates are not totally upset due to cost-escalation.
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