CONTENTS: Boxes, Figures, Tables and Abbreviations, Preface, Foreword, Appendices, SECTION I: MONEY: CONCEPT, THEORY AND MEASUREMENT: 1. Concepts of Money, 2. Theories of Money Stock, 3. Demonetization of 2016, Appendix I: Euro: A Brief History, SECTION II: FINANCIAL SYSTEMS: MARKETS, INSTITUTIONS, INSTRUMENTS AND CRISES: 4. Markets and Institutions, 5. Indian Financial Sector, 6. Financial Crisis and the Economy, Appendix II: Financial Innovation and Basel III Regulations, SECTION III INTEREST RATES, THEORY AND CONCEPT IN THE INDIAN SETTING: 7. The Concept of Rate of Interest, 8. Alternative Theories of Interest Rate, 9. Interest Rates in India: Deregulation, Lending and Savings Rates, Appendix III: A Brief on Modern Money Theory, SECTION IV: BANKING SECTOR IN INDIA: 10. Architecture of the Indian Banking Sector, 11. A Brief History of Indian Commercial Banks, 12. Special Topics in Indian Banking, Appendix IV: Employment in Indian Banking, SECTION V: MONETARY POLICY: 13. Reserve Bank of India, 14. Targets and Instruments of Monetary Policy, 15. Monetary Policy in India, 16. Central Bank and the Open Economy, Appendix V: Covid-19 Pandemic and the Economic Policy Response, Bibliography, Index.