India And The Global Financial Crisis - Managing Money and Finance

Y V Reddy

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This collection of essays provides insights into the making of public policies across a spectrum of areas between the years 2003 and 2008, a period of rapid growth of the Indian Economy as well as extraordinary challenges for the conduct of monetary policy. It was during this period that Dr Y.V. Reddy was the Governor of the Reserve Bank of India. He has earned universal acclaim for managing, as Governor of RBI, India's calibrated financial integration with the global economy.

Ever since the financial crisis erupted in the USA in 2007 and spread to the rest of the world, there has been an interest in India's management of a financial sector that has facilitated growth and has yet maintained stability. What contributed to this situation? What was the RBI’s perspective and what were its policies? This volume attempts to answer these questions. It also provides a comprehensive account of the events that led to the global financial crisis, the policy responses, the directions for future reforms and an Indian approach to meeting the challenges of contagion from the turmoil.

This collection of essays provides insights into the making of public policies across a spectrum of areas between the years 2003 and 2008, a period of rapid growth of the Indian Economy as well as extraordinary challenges for the conduct of monetary policy. It was during this period that Dr Y.V. Reddy was the Governor of the Reserve Bank of India. He has earned universal acclaim for managing, as Governor of RBI, India's calibrated financial integration with the global economy.

Ever since the financial crisis erupted in the USA in 2007 and spread to the rest of the world, there has been an interest in India's management of a financial sector that has facilitated growth and has yet maintained stability. What contributed to this situation? What was the RBI’s perspective and what were its policies? This volume attempts to answer these questions. It also provides a comprehensive account of the events that led to the global financial crisis, the policy responses, the directions for future reforms and an Indian approach to meeting the challenges of contagion from the turmoil.

What will you learn from this book

  1. India's Resilience: Explores how India's financial system fared during the global financial crisis, discussing its resilience and the factors contributing to stability.

  2. Policy Responses: Details the monetary and fiscal policies adopted by India to mitigate the impact of the global financial crisis on its economy.

  3. Financial Regulation: Discusses reforms and regulatory measures implemented in India in response to the crisis, aimed at strengthening the financial system and preventing future crises.

  4. Impact on Indian Economy: Examines the direct and indirect effects of the global financial crisis on various sectors of the Indian economy, including trade, investment, and employment.

  5. Lessons Learned: Reflects on the lessons India learned from the crisis, emphasizing the importance of prudent financial management and policy preparedness.

  6. Global Interconnectedness: Explores India's position in the global financial landscape and how interconnectedness with global markets influenced its response to the crisis.

  7. Financial Stability Framework: Discusses efforts to enhance India's financial stability framework, including measures to manage systemic risks and vulnerabilities.

  8. Role of Institutions: Highlights the role of financial institutions, policymakers, and regulators in managing the impact of the crisis on India's financial system.

  9. Economic Reforms: Explores how the crisis may have influenced India's approach to economic reforms and policy priorities.

  10. Future Preparedness: Discusses strategies and measures proposed to ensure India's readiness to face potential future financial crises.

Language English
ISBN-10 9788125036944
No of pages 379
Font Size Medium
Book Publisher orient Black Swan
Published Date 01 Jan 2009

About Author

Author : Y V Reddy

1 Books

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