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Book
ISBN- 81-7041-742-2

INDIAN MONETARY SYSTEM
C S NAGPAL, A C MITTAL
In a developing economy the role of the monetary policy is sustaining and controlling. The monetary system is an arduous one. The growth-oriented economy presents innumerable problems in the wake of development. S such monetary policy plays a crucial role in shaping the economic destiny of a nation, for money and credit influence. Vitally the course, nature and volume of economic activities. This collection of articles thus provides a case study of monetary management in India.

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Book
ISBN- 81-7041-743-0

INTERNATIONAL FINANCE
C.S. NAGPAL, A.C. MITTAL
Since the end of world war II, international financial institutions have exerted a great deal of effort to alleviate economic conditions in the developing countries. The degree of dependence among the world's financial markets is an important issue for researchers. A financial institution wishing to lend internationally must analyse country risk in order to readjust loan limits according to that risk and enable the bank to avoid costly and lengthy debt restructuring. Country risk assessment is an integral part of any international leader's normal extension process. Banks can utilise country risk assessment to appraise the economic and political future of foreign countries. The present book provides a clear overview of the role and position of international financial institution in international Finance.

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Book
ISBN- 81-7041-744-9

PRICE THEORY
C.S. NAGPAL A.C. MITTAL
Price theory investigates the economic problem, how prices function so as to allocate scarce resources among competing or alternative purposes. Price theory, or micro economics, is on e of the main branch of modern economic theory. Price theory has many uses. The greatest of these is depth understanding of how a free private-enterprise economy operates. When it is adapted to the task of stating the norms and standard of an ideal economy, price theory is called welfare economics, because an ideal economy provides the maximum of economic welfare, subjective satisfaction obtainable from the economy's resources. Price theory also offers the analytical tools for evaluating and criticizing the everyday economic controls of government over prices and production Price theory in the service of business is known as managerial economics. Because it is a tested way of thinking about economy any efficiency price theory has wide uses in decision-making in the employment of resources in government programmes.

The price theory presented in this book is the standard established body of theory. Some parts are old, others are new. The logic of the theory has been tried and tested by many minds.

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Book
ISBN- 81-7041-745-7

INTERNATIONAL TRANSFER OF TECHNOLOGY
C.S. NAGPAL, A.C. MITTAL
Technology, with its ability to improve our lives has become increasingly important throughout the world. This is true for the developed economics as well as those nations which are just beginning to developed a technological base. There are many ways to transfer technology to developing countries. One way is through direct investment by a multinational corporation in a wholly owned or majority owned subsidiary. Another is through a joint venture where the multinational has a minority interest. Other ways include the use of licenses and patents, turn-key operations, management contacts, equipment suppliers, and consultative arrangements that may be done independently or in combination with some of the other modes of transfer. The essence of all these methods however, is that the technology moves from a private entity in the developed country to the recipient, public or private, in the developing country. While the developing countries may resent this dependence, the harsh truth is that developing countries do not need technology, and there exist few alternative sources outside the transnational corporations where they may obtain it. The innovation of new products and the transfer of technology between countries are desirable from a global perspective. The innovation of new products increase the range of consumer choice and transfer of technology increases the efficiency of world production; both innovation and technology transfer affect the distribution of income between the two countries.

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