Monetary Policy and Public Finance: An Aspect of Development

"Monetary Policy and Public Finance: An Aspect of Development" offers a comprehensive analysis of the interactions between financial development and economic growth. The book examines how the development of the financial sector, in conjunction with the growth of banking, stimulates entrepreneurial activity and redirects resources from traditional to modern sectors. It is divided into two main sections: the first section addresses monetary economics, covering topics such as money supply and demand, inflation, central bank policy, and international financial institutions. The second section focuses on public finance, including public revenues, tax burden, classification of taxes, public debt, and expenditures. This structured approach allows readers to understand the complex relationships between monetary policy and public finance and to recognize their significance for economic development.