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Professor Satyendra Nath Sen was an authority on monetary economics, trade and finance and possessed specialized knowledge of banking. He was an wonderful teacher and had inspired three generations of students of economics. His writings in banking, trade and finance sparkle with brilliance and insight. His articles on money, banking and finance are regarded as masterpieces of compressed, analytical and thought-provoking writings which, at the same time, are ...
India has witnessed in the past two decades substantial changes in the money and capital markets. The money market scenario, which has emerged since 1980s, has witnessed new instruments and new directions have been chalked out. It is to be noted here that, strictly speaking, the money market deals with short term flow of funds whereas the capital market, embracing the stock market, deals with medium and long-term capital flows. But these two markets can not be ...