Monetary Policy in a Globalized Economy

Description

Financial stability had eluded most nations after a significant opening up of their economies. India has, however, been an exception to this phenomenon. This has evinced considerable interest in the management of financial sector and conduct of monetary policy in India.

Reviewing the working of monetary and financial systems, the essays in this volume unravel the complexities behind the transformation of monetary policy that has helped sustain India's growth miracle.

About the Author

Rakesh Mohan is Professor in the Practice of International Economics and Finance, School of Management and Senior Fellow, Jackson Institute of Global Affairs, Yale University.

Table of contents

List of Tables
Figures, and Boxes
Preface
List of Abbreviations
1:Introduction
2:Transforming Indian Banking: In Search of a better Tomorrow
3:Finance for Industrial Growth
4:Agricultural Credit in India: Status, Issues, and Future Agenda
5:Ownership and Governance in Private Sector Banks in India
6:Reforms, Productivity, and Efficiency in Banking
7:Financial Sector Reforms and Monetary Policy
8:Challenges to Monetary Policy in a Globalizing World
9:Some Apparent Puzzles for Contemporary Monetary Policy
10:Evolution of Central Banking in India
11:Coping with Liquidity Management in India: A Practitioner's View
12:Central Banks and Risk Management: Pursuing Financial Stability
13:Monetary and Financial policy Responses to Global Imbalances
Afterword
Index