Constitution and erosion of a monetary economy : problems of India's development since independence / Waltraud Schelkle.

"Published in association with the German Development Institute, Berlin."

Includes bibliographical references (pages 298-307).

Pt. I. Theory of Development under Conditions of a Monetary Economy. 1. Money in Development Theory. 1.1. Definitions and Methodology. 1.2. Money and the Monetary Economy in Different Schools of Development Theory. 1.3. The Role of Money in Monetary-Keynesian Theory. 2. Development under Conditions of a Monetary Economy. 2.1. The Problem of Constitution. 2.2. The Dilemma of Development under Conditions of a Monetary Economy. 2.3. The Role of Government. 3. Implications for Development Policy. 3.1. World-Market Integration as a Means of Developing Domestic Markets. 3.2. Macropolicy as a Means of Developing Domestic Markets. 3.3. The Financial Sector in Monetary Development -- Pt. II. India's Monetary Economy since Independence. 4. The Development of the System of Economic Policy. 4.1. Phases of Development since Independence. 4.2. The Regime of India's Monetary Economy. 5. Problems of India's Development as a Monetary Economy. 5.1. Stagnant Income Generation. 5.2. Repressed Inflation.

5.3. Disintegration of the Financial System. 6. Ways out of India's Monetary Crisis. 6.1. Macroeconomic Stabilization via Sustained Reform Policy. 6.2. The Adjustment Program and its Mid-Term Prospects. 6.3. Currency Reform as a Prerequisite of Macroeconomic Stabilization. A. Development of Economic Indicators. B. Money and Credit. C. The Government Budget.