Financial Sector Reforms and Monetary Policy PDF Download

Author: Priya Basu
Publisher: MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
The papers in this volume assess progress with financial sector reforms over the past decade or so, and analyse the new challenges that confront India's policy makers and financial regulators. The papers highlight a formidable reform agenda, pointing to t

Author: India. Committee on Financial Sector Reforms
Publisher: SAGE Publications
ISBN: 817829950X
Category : Business & Economics
Languages : en
Pages : 207

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Book Description
While previous reports have focused solely on the ‘big’ issues like capital account convertibility, bank privatization, and priority sector norms, A Hundred Small Steps: Report of the Committee on Financial Sector Reforms goes deep into other areas where reforms are less controversial, but perhaps as important. The report argues that we need a change in mindset for the financial sector, one that recognizes that efficiency, innovation, and value for money are as important for the poor as they are for our new Indian multinationals, and these will come from improved governance, new entry and competition. Indeed the Committee believes that the road to making Mumbai an international financial centre runs through every village in India. The report is divided into separate self-contained chapters; the underlying theme behind all the proposals is the need to enhance inclusion, growth, and stability by allowing players more freedom, even while strengthening the financial and regulatory infrastructure. The role of the government is to create an enabling environment by building sound financial infrastructure. The Committee has focused primarily on broad principles and directions, without entering too much into details of implementation. It emphasizes three important reasons for financial sector reform: to include more Indians in the growth process; to foster growth itself; and to improve financial stability, flexibility, and resilience and thus protect the economy against the kind of turbulence that is affecting the world today. The Committee recognizes this is a difficult time to propose financial sector reforms in India. The near meltdown of the US financial sector seems to be proof that markets and competition do not work. This is clearly the wrong lesson to take from the debacle. The right lesson is that markets and institutions do succumb occasionally to excesses, which is why regulators have to be vigilant. The report argues for skilled regulators who encourage growth and innovation even while working harder to contain risks.

Author: Mohsin S. Khan
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 28

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Author: C. Rangarajan
Publisher: Institute of Southeast Asian Studies
ISBN: 9789812301093
Category : Business & Economics
Languages : en
Pages : 78

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Book Description
The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.

Author: Y. Venugopal Reddy
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
The Essays In This Volume Are Based On Lectures Delivered By Reddy. They Discuss The Complex But Under-Documented Structural Micro-Aspects Of Economic Reforms In India, Examining The Process From Conceptualization Of Policy To Its Development, Refinement And Implementation.

Author: Saghir Ahmad Ansari
Publisher: Mittal Publications
ISBN: 9788183241465
Category : Banks and banking
Languages : en
Pages : 248

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Book Description

Author: Rajesh Pal
Publisher:
ISBN: 9789385719004
Category : Financial institutions
Languages : en
Pages : 0

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Author: N. A. Mujumdar
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 336

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Book Description

Author: Uma Kapila
Publisher:
ISBN: 9789332700079
Category : Financial crises
Languages : en
Pages : 0

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Book Description
Collecting the writings of eminent economists and financial experts, this edited volume brings together the story of India’s financial sector reforms. It focuses on the unfinished agenda, the need for next generation of reforms, and lessons and new responsibilities for central banks in the wake of the global financial crisis. It also addresses policy challenges that have arisen from the new trilemma: price stability, financial stability and sovereign debt sustainability, and implications of Basel III and G-20, as well as issues and challenges in financial inclusion.

Author: Vijay Joshi
Publisher: Clarendon Press
ISBN: 0191521833
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
India is the world's largest democracy, and second-largest developing country. For forty years it has also been one of the most dirigiste and autarkic. The 1980s saw most developing and erstwhile communist countries opt for market economic systems. India belatedly initiated similar reforms in 1991. This book evaluates the progress of those reforms, covering all of the major areas of policy; stabilization, taxation and trade, domestic and external finance, agriculture, industry, the social sectors, and poverty alleviation. Will India realize its great potential by freeing itself from the self-imposed constraints that have hindered its development? This is the important and fascinating question considered by this book.