ADF

Augmented DickeyFuller

ERM

Exchange Rate Mechanism

ADR

Asset Development Reserve

ESAs

European Supervisory Authorities

APM

Administered Pricing Mechanism

ESM

European Stability Mechanism

ARDL

Autoregressive Distributed Lag

ESRB

European Systemic Risk Board

BIS

Bank for International Settlements

EU

European Union

BoE

Bank of England

FCNRA

Foreign Currency Non-Resident Accounts Scheme

BoR

Bank of Russia

Fed

Federal Reserve Board

CAS

Central Accounts Section

FIIs

Foreign Institutional Investors

CB

Central Bank

FLS

Funding for Lending Scheme

CDS

Credit Default Swap

FMD

Financial Markets Department

CENVAT

Central Value Added Tax

FPC

Financial Policy Committee

CFIM

Co-ordination Framework for Implementation Monitoring

FRBM

Fiscal Responsibility and Budget Management

CFSA

Committee on Financial Sector Assessment

FSA

Financial Services Authority

CGFS

Committee on the Global Financial System

FSB

Financial Stability Board

CGRA

Currency and Gold Revaluation Account

FSDC

Financial Stability and Development Council

CMBs

Cash Management Bills

FSLRC

Financial Sector Legislative Reforms Commission

CNB

Czech National Bank

FSOC

Financial Stability Oversight Council

CR

Contingency Reserve

FTPL

Fiscal Theory of Price Level

CRR

Cash Reserve Ratio

FTT

Financial Transaction Tax

DFHI

Discount and Finance House of India

G20

Group of Twenty

DM

Deutsche Mark

GDP

Gross Domestic Product

DMO

Debt Management Office

GEAR

Growth, Employment and Redistribution

DSS

Debt Swap Scheme

GFCE

Government Final Consumption Expenditure

EC

European Commission

GFD

Gross Fiscal Deficit

ECB

European Central Bank

GFDR

Gross Fiscal Deficit to GDP

EEA

Exchange Equalisation Account

GOI

Government of India

EFC

Economic and Financial Committee

IIFCL

India Infrastructure Finance Company Limited

EFR

Exchange Fluctuation Reserve

ILAF

Interim Liquidity Adjustment Facility

EFSF

European Financial Stability Facility

IMF

International Monetary Fund

EMDEs

Emerging Market and Developing Economies

INFLGAP

Inflation Gap

EMEs

Emerging Market Economies

IRA

Investment Revaluation Account

EMU

European Monetary Union

OMOs

Open Market Operations

IT

Inflation Targeting

OPEC

Organisation of the Petroleum Exporting Countries

LAF

Liquidity Adjustment Facility

OTC

Over-the-counter

LOLR

Lender-of-the-last-resort

PBC

People’s Bank of China

LPG

Liquefied Petroleum Gas

PDs

Primary Dealers

LTRO

Longterm Repo Operations

PRA

Prudential Regulation Authority

M₀

Monetary Aggregate

QE

Quantitative Easing

M₃

Broad Money

QFAs

Quasi-fiscal Activities

MAP

Mutual Assessment Plan

RBI

Reserve Bank of India

MoF

Ministry of Finance

RCF

Report on Currency and Finance

MoU

Memorandum of Understanding

RHS

Right Hand Scale

MPC

Monetary Policy Committee

RMSE

Root Mean Square Error

MSMEs

Micro, Small and Medium Enterprises

SARB

South African Reserve Bank

MSS

Market Stabilisation Scheme

SARS

Severe Acute Respiratory Syndrome

MTFS

Medium-Term Financial Strategy

SCBs

Scheduled Commercial Banks

MTM

Mark to Market

SDM

Sovereign Debt Management

NABARD

National Bank for Agriculture and Rural Development

SGP

Stability and Growth Pact

NAIRU

Non Accelerating Inflation Rate of Unemployment

SLR

Statutory Liquidity Ratio

NBFCs

Non-Banking Financial Companies

SMOs

Special Market Operations

NBFC-NDSI

Non-Banking Financial Companies-Non-Deposit Taking-Systemically Important

SOEs

StateOwned Enterprises

NDAs

Net Domestic Assets

SPV

Special Purpose Vehicle

NDTL

Net Demand and Time Liabilities

SSM

Single Supervisory Mechanism

NFAs

Net Foreign Assets

TARP

Troubled Asset Relief Programme

NSSF

National Small Savings Fund

TSA

Treasury Single Account

NTMA

National Treasury Management Agency

UK

United Kingdom

OD

Overdraft

US

United States

OECD

Organisation for Economic Cooperation and Development

VECM

Vector Error Correction Model

WMA

Ways and Means Advances

WPI

Wholesale Price Index

ZLB

Zero Lower Bound