[Economy Lecture1] Banking: Monetary Policy- Quantitative Tools: SLR, CRR, OMO, LAF, MSF, Repo rate & limitations

In Youtube by Mrunal

  1. Prologue
  2. Lecture1: P1- Overview of Economy preparation
  3. Lecture1: P2- Banking Monetary Policy
  4. Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF
  5. Lecture1: P4- Limitations of Monetary policy

Prologue

  • My economy lectures for UPSC-2015 batch have started at SPIPA, Ahmedabad (run by Government of Gujarat.)
  • I’ve requested them to record all of my lectures for this batch, so it can benefit aspirants at other places, through youtube.
  • Although unlike Salman khan neither they nor I can make any “commitments” because of the technical glitches in a typical sarkari IT-setup.
  • Anyways, First lecture was done on 16th January 2015, and uploaded. Total ~2:00 hours but I’ve split it into four parts. Click me to watch them
  • PowerPoint of the lecture, available at files.secureserver.net/0fxNJqSZOKiE4I
  • Medium of instruction- Hindi.
  • English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles and English PPTs on the site.

Mrunal Lecture Video SPIPA

Lecture1: P1- Overview of Economy preparation

Topics covered

  1. 7 Pillars approach for preparing Economy portion for various competitive exams in India?
  2. List of books: What to read, what to skip.
  3. Outline of my future lectures.

Youtube Link: http://youtu.be/KUGXdvm7Wa8

Lecture1: P2- Banking Monetary Policy

Topics covered

  1. Evolution from Barter system to Money system
  2. What are Financial Intermediaries?
  3. What is Monetary Policy?
  4. How can monetary policy be used to combat inflation and deflation?
  5. What is Dear Money policy and vs Cheap Money policy?
  6. What are the quantitative and qualitative tools of Monetary Policy?
  7. Time and Demand liabilities of a Bank (NDTL)
  8. NDTL, CRR, SLR- purpose, features.
  9. OMO: Open Market Operation.

Youtube Link: http://youtu.be/E5JU-mw9YDg

Lecture1: P3- Bank Rate, Repo Rate, LAF, MSF

Topics Covered

  1. What is Bank rate?
  2. What is Liquidity adjustment facility (LAF)?
  3. Difference between MSF (Marginal standing facility) and LAF?
  4. What is repo rate, reverse repo rate?
  5. What is policy rate? How can it be used to combat inflation and deflation?
  6. Bi-monthly Monetary Policy review-including the latest reduction in repo rate on 15th January 2015.

Youtube Link: http://youtu.be/hhbDboWq4JY

Lecture1: P4- Limitations of Monetary policy

Topics Covered:

  1. What are the limitations of monetary policy in a developing country?
  2. How to strengthen monetary policy- recommendations of Urjit Patel Committee setup by Reserve Bank of India (RBI).
  3. Accountability mechanism in RBI
  4. Further reforms in RBI organization structure.

Youtube Link: http://youtu.be/e6mKj02YGHI.