Growth with Financial Stability
Central Banking in an Emerging Market
Price: 1250.00 INR
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ISBN:
9780198089230
Publication date:
16/07/2012
Paperback
554 pages
245x165mm
Price: 1250.00 INR
We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.
ISBN:
9780198089230
Publication date:
16/07/2012
Paperback
554 pages
Part of Oxford India Paperbacks
Rakesh Mohan
Perspective of a central banker-cum-academic,Topical in its focus on global crisis,Comprehensive and up-to-date,Key indicators of the Indian economy,Policy-oriented
Rights: World Rights
Rakesh Mohan
Description
It is widely believed that the Indian economy witnessed near stagnation in real GDP growth from Independence till the late 1970s. Challenging this notion, the collection of papers and speeches in this volume provides fresh perspectives on India's growth experience from Independence to the recent global financial crisis. This volume documents how the conduct of Indian monetary and financial policy has been unorthodox by the standards of extant international conventional wisdom, but appropriate to the macroeconomic and structural conditions prevailing in India.
With a focus on growth drivers and financial stability, the volume deals with a wide-range of issues: growth of manufacturing and service sectors, role of policies (monetary, fiscal, financial market and sector, external sector), urban infrastructure investment, public service delivery, role of central banks, and the interaction between international finance and monetary policy. Drawing upon the post-reform experience and the global crisis, the volume takes stock of current challenges and suggests strategies to sustain long-term double-digit growth rates.
About the Author
Rakesh Mohan, Professor in the Practice of International Economics and Finance, Yale School of Management
Rakesh Mohan is Professor in the Practice of International Economics and Finance, Yale School of Management. He is also Senior Fellow, Jackson Institute of Global Affairs, Yale University; and is also the Chairman, National Transport Development Policy Committee, Government of India.
Rakesh Mohan
Table of contents
Tables, Figures, and Annexes
Preface
Introduction
I Indian Economic Growth: The Record
1. The Growth Record of the Indian Economy: A Story of Sustained Savings and Investment
2. Sustaining Growth with Stability in India: The Role of Fiscal and Monetary Policies
3. Innovation and Growth: Role of the Financial Sector
II Growth and the Financial Sector
4. Development of Banking and Financial Markets in India: Fostering Growth while Containing Risk
5. Development of the Indian Debt Market (with Partha Ray)
6. Financial Inclusion in India: A Glass Half Empty or Three Quarters Full?
III Issues in Monetary Policy
7. Communication in Central Banks: A Perspective
8. Managing the Impossible Trinity: Volatile Capital Flows and Indian Monetary Policy (with Muneesh Kapur)
IV The Global Financial Crisis
9. Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies (with Muneesh Kapur)
10. The Global Financial Crisis: Causes, Impact, Policy Responses, and Lessons
11. Emerging Contours of Financial Regulation: Challenges and Dynamics
V The Way Ahead
12. Economic Reforms in India: Where Are We and Where Do We Go
Index
Rakesh Mohan
Review
"Rakesh Mohan's Growth with Financial Stability offers a balanced analysis of the monetary and financial policies followed by the RBI and the government, particularly in the post-reform period and during the recent global financial crisis. It also gives a good exposition of RBI's way of thinking as the author was part of the establishment when these policies were formulated and implemented. This volume is essential reading for students, researchers and policy-makers, and all those interested in monetary and financial policies and economic growth." - ASCI Journal of Management
Rakesh Mohan
Description
It is widely believed that the Indian economy witnessed near stagnation in real GDP growth from Independence till the late 1970s. Challenging this notion, the collection of papers and speeches in this volume provides fresh perspectives on India's growth experience from Independence to the recent global financial crisis. This volume documents how the conduct of Indian monetary and financial policy has been unorthodox by the standards of extant international conventional wisdom, but appropriate to the macroeconomic and structural conditions prevailing in India.
With a focus on growth drivers and financial stability, the volume deals with a wide-range of issues: growth of manufacturing and service sectors, role of policies (monetary, fiscal, financial market and sector, external sector), urban infrastructure investment, public service delivery, role of central banks, and the interaction between international finance and monetary policy. Drawing upon the post-reform experience and the global crisis, the volume takes stock of current challenges and suggests strategies to sustain long-term double-digit growth rates.
About the Author
Rakesh Mohan, Professor in the Practice of International Economics and Finance, Yale School of Management
Rakesh Mohan is Professor in the Practice of International Economics and Finance, Yale School of Management. He is also Senior Fellow, Jackson Institute of Global Affairs, Yale University; and is also the Chairman, National Transport Development Policy Committee, Government of India.
Table of contents
Tables, Figures, and Annexes
Preface
Introduction
I Indian Economic Growth: The Record
1. The Growth Record of the Indian Economy: A Story of Sustained Savings and Investment
2. Sustaining Growth with Stability in India: The Role of Fiscal and Monetary Policies
3. Innovation and Growth: Role of the Financial Sector
II Growth and the Financial Sector
4. Development of Banking and Financial Markets in India: Fostering Growth while Containing Risk
5. Development of the Indian Debt Market (with Partha Ray)
6. Financial Inclusion in India: A Glass Half Empty or Three Quarters Full?
III Issues in Monetary Policy
7. Communication in Central Banks: A Perspective
8. Managing the Impossible Trinity: Volatile Capital Flows and Indian Monetary Policy (with Muneesh Kapur)
IV The Global Financial Crisis
9. Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies (with Muneesh Kapur)
10. The Global Financial Crisis: Causes, Impact, Policy Responses, and Lessons
11. Emerging Contours of Financial Regulation: Challenges and Dynamics
V The Way Ahead
12. Economic Reforms in India: Where Are We and Where Do We Go
Index
Arvind Panagariya
Santosh Mehrotra
The Political Economy of Energy and Growth
Najeeb Jung
D. Narasimha Reddy, Srijit Mishra
Integrating Services in South Asia
Rupa Chanda
The Nehru-Era Economic History and Thought & Their Lasting Impact
Arvind Panagariya
Rise of the North East: The Path to Prosperity, Inclusion, and Sustainability
Research and Information System for Developing Countries (RIS)
Dr Lalita Som
